James I (1406-1437), Half-Demy, type II, Edinburgh mint, mintmark crown on obverse, cross pattee on reverse. Crowned lion in diagonally squared cartouche, decorative lis emblems, legend surrounds IΛCOBVS DEI GRΛCIΛ R. Rev, X struck in centre within a tressure of seven arcs, emblems in spandrels, legend surrounds SΛLVVM FAC POPVLVM TV, 1.58g (S.5194; SCBI 35 [Ashmoleon], 638).
Rich satiny golden tone, legends clear both sides with equally clear central designs. Few metal stress striations markings in the flan, impressive for such a closely packed issue, filled to the brim with heraldry. Comprehensive very fine for issue and very rare, seldom seen at auction or within dealers trays. A splendid piece with an excellent pedigree.
Ex Dundee collection, February 19th 1976, Spink & Son, lot 59
Ex. L. M. LaRivière Collection, Spink Auction 179, 29 March 2006, lot 47