David II (1329-1371), First coinage, Second issue, Sterling, mm. cross pattée, bust left with sceptre, large composite lettering, rev. rex sco tor vm+, long cross, four mullets of six points in angles, large lettering, 1.16g/5h (Savage 1/aa; Burns/Dakers Bust 1/Dakers Reverse 1; SCBI –; B 1, 2, 3, figs. 229, 230, same obv. die; cf. S 5087). Very fine or better, very rare £150-£200

This lot was sold as part of a special collection, A Collection of Scottish Coins, the Property of a Gentleman.

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CNG e-Auction 377, 29 June 2016, lot 719

Although there are no documentary records, it would seem likely that the Second issue of David’s reign began around the same time as the English recoinage of 1351. The first type of the new issue has large composite lettering on both sides.