1 Penny - Alexander III 1st Coinage, Type II

Alexander III's first coinage underwent a quiet but deliberate revision partway through production — the Type II classification reflects a change in the lettering style of the king's name, distinguishing it from the earlier dies without altering the broader monetary framework. Scotland at this period operated under a penny-only silver currency, with no fractional coinage struck domestically; cutting pennies into halves and quarters was standard practice, which is why so many survivors show evidence of having been clipped or divided.

Sp#5042 is among the better-documented Scottish medieval types, though die linkage studies remain incomplete relative to contemporary English issues.