1 Groat - James V 2nd Coinage, Type III

James V's second coinage emerged from a period of prolonged regency chaos — the king had only assumed personal rule in 1528 after escaping the custody of Archibald Douglas, 6th Earl of Angus, who had effectively controlled the Scottish crown for years. The recoinage that followed was partly an assertion of independent royal authority over monetary policy, breaking from practices that had persisted under regency mismanagement.

Spink 5378 distinguishes this Type III issue from the earlier types primarily through the crown configuration above the shield. Dies were produced at Edinburgh, and the fineness of .833 was a deliberate policy choice positioning Scottish silver above some contemporary English issues.