1406-1437 Scotland Gold Demy King James I NGC MS62

This exceptionally rare demy was struck during the reign of James I of Scotland, whose rule marked a turbulent but pivotal era in late medieval Scottish history. Captured as a child and held in England for 18 years, James I returned to rule in 1424, launching significant reforms in administration and finance—including coinage—to strengthen royal authority and modernize the kingdom’s economy.

Obverse: Crowned rampant lion within a tressure of lozenges and pellets, a powerful symbol of Scottish sovereignty. Above the lion, a prominent crown further emphasizes regal authority. The Latin legend (typically abbreviated) affirms the king’s title.

Reverse: A cross fleury or other heraldic device surrounded by an ornamental border and legend, likely proclaiming the king’s divine right or a religious invocation—common to medieval gold coinage for protection and legitimacy.

Graded NGC MS62, this piece is not only in mint state but is currently certified as the Finest Known—a designation of extreme condition rarity for medieval Scottish gold. Most demy coins from this reign are known in very fine to extremely fine grades, often struck off-center or poorly preserved due to the technology and economic instability of the time. This MS62 example exhibits strong strike definition, gleaming surfaces, and excellent die centering.

Its status as the finest known survivor, combined with its rarity as a gold demy—a denomination struck only briefly—renders this a true trophy piece for collectors of early British or medieval gold coinage.

Gold Demy, King James I. The Finest Known! Crown above rampant lion with lozenge. A very rare coin!