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

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Coin (obverse), one-third ducat or bonnet piece, from reign of James V
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This is the obverse of a gold one-third ducat minted at Edinburgh in 1540, during the reign of James V. The coin was worth 13 shillings and four 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 a pellet behind the head. The Latin inscription translates as: 'James V, by the Grace of God, King of Scots'. This inscription is followed by the date, 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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