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Coin (obverse), two-thirds ducat or bonnet piece, from reign of James V

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Coin (obverse), two-thirds ducat or bonnet piece, from reign of James V
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This is the obverse of a gold two-thirds ducat minted at Edinburgh in 1540, during the reign of James V. The coin was worth 26 shillings and eight pence Scots. James's ducat was the first Scottish gold coin to bear a portrait.

The obverse bears a portrait of the king wearing a bonnet. There is an annulet on the inner circle behind the head. The Latin inscription translates as: 'James V, by the Grace of God, King of Scots'. The coin is dated 1540.

James V's reign saw the introduction of two new gold coins - the crown and the ducat. A new billon coin called the bawbee also appeared for the first time.

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