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

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Coin (obverse), ducat or bonnet piece, from reign of James V
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This is the obverse of a gold ducat minted at Edinburgh in 1540, during the reign of James V. The coin was worth 40 shillings 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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