SCOTLAND. James VI. Revaluation of 1578.
|Sale: CNG 64, Lot: 1663. Estimate $300.
Closing Date: Wednesday, 24 September 2003.
Sold For $720. This amount does not include the buyer’s fee.
1567-1625. Counterstamp on 1565 Mary and Henry Darnley AR Ryal (30.11 gm). Crowned shield flanked by thistles; mm: cross potent / Tortoise climbing palm tree, scroll across field; mm: thistle, counterstamp: crowned thistle. Counterstamp: SCBC pg. 70; host coin: Burns pg. 340, 2; SCBC 5425. Counterstamp VF, host coin, toned, near VF. ($300)
From the Charles E. Weber Collection.
The value of silver continually rose during the early years of James' reign. As a result, in 1578, his silver coins, along with those issued during Mary's reign, were recalled and revalued, noted by a counterstamp of a crowned thistle applied to the reverse. This Ryal circulated at a face value of 30 shillings when issued, but was revalued at 36 shillings, 9 pence when recalled.