Alexander III (1249-1286), First coinage, Sterling, type III, ‘Fres’, Walter, water on fres, 1.26g/3h (SCBI 35, 117, same dies; B 58, fig 129, same dies; S 5043). Obverse fine, reverse nearly very fine, rare £150-200

Provenance: A. Sutherland Collection, Spink Auction 64, 23 June 1988, lot 9.

The obverse is struck from a die which was also used at ‘Dun’, Glasgow and Montrose. Despite the reading given in SCBI 35, this specimen clearly reads water on the reverse, with no sign of a ligated l