James III (1460-1488), Light issue, c.1482, Groat, Edinburgh, mm. cross fleury, crown with five spikes. rev. mullets in first and fourth, pellets in second and third quarters, reads edinbvrg, 2.46g/8h (SCBI 35, 759, same dies; B 21, fig. 604; S 5281). Somewhat double-struck and the portrait rather weak, otherwise about very fine, extremely rare £300-400

Provenance: Innerwick (East Lothian) Hoard 1979 (no. 78); Mrs Joan E.L. Murray Collection, Baldwin Auction 26, 9 May 2001, lot 1934; bt Baldwin June 2002.

A mule between the coinages of 1482 and 1475. The Innerwick Hoard contained three examples of this rare issue, all from the same pair of dies