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5 Shillings - William II

Issuer Scotland
Year 1695-1701
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Value 5 Shillings (1/4)
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Obverse description Draped and laureate bust of William II of Scotland (William III of England) facing left, rendered in high relief with flowing hair and armoured drapery at the truncation. The numeral '5' appears in the exergue below the bust, denoting the mark of value. The peripheral legend in Latin reads GVL · D · G · MAG · BR · FR · & · HIB · REX, separated by pellet stops and running clockwise around the full circumference of the coin within a beaded border.
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Edge Milled
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William II of Scotland — William III of England — had his Scottish coinage struck at the Edinburgh Mint under increasingly strained circumstances. The Scottish Privy Council was pushing hard for full monetary union with England throughout this period, a debate that would not be resolved until the Acts of Union in 1707, six years after William's death. These five shilling pieces circulated in a kingdom whose financial system was simultaneously collapsing under the disastrous Darien Scheme, the failed colonial venture that wiped out roughly a quarter of Scotland's liquid capital.

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