From the Clonterbrook Trust, Lockett and Hazlitt Collections

Sale: Triton XIII, Lot: 2112. Estimate $15000.  Closing Date: Monday, 4 January 2010.  Sold For $25500. This amount does not include the buyer’s fee.

SCOTLAND. James V. 1513-1542. AV Ducat – ‘Bonnet piece’ (5.84 g, 9h). Third coinage. Dated 1540. IΛCOBVS • 5 • DEI • GRΛ • R • SCOTOR • 1540, bearded bust right, wearing bonnet; small annulet below TO in legend / + HONOR • REGIS • IVDICIVM • DILIGIT, crowned arms of Scotland over cross fleury. Burns 4 (fig. 754); SCBI 35 (Ash. & Hunt.), 905 (same dies); SCBC 5373. EF, toned. Portrait of fine style. Very rare.

Ex Spink 91 (1 May 1992), lot 1; Clonterbrook Trust (Glendining, 7 June 1974), lot 329; Richard Cyril Lockett Collection (Scottish II, 26 October 1960), lot 883; W.C. Hazlitt Collection (Sotheby & Co., 5 July 1909), lot 1194.

The ducats of James V are the first dated coinage of Scotland. Their gold was taken from deposits at Crawford Muir and Corehead.