James III (1460-1488), Issues of 1475-83, Half-Rider, type II, horseman retrograde, lis below sword arm, legends transposed, 2.42g/10h (SCBI 35, 734 obv./733 rev., same dies; B 1, fig. 620; S 5260). Partly double-struck and edge chipped, otherwise very fine, very rare (£2,500-3,000)

Provenance:
S.P. Fay ‘Dundee’ Collection, Bowers & Ruddy/Spink Auction (Los Angeles), 19 February 1976, lot 75