Obverse:

PHILIP ET MARIA D G R ANG FR NEAP PR HISP. Facing busts of Philip and Mary, crown dividing date above. 1554.

Reverse:

POSVIMVS DEVM ADIVTOREM NOSTRVM. Oval garnished shield with arms of Spain and England, crown dividing value mark XII above.

Very good fine, pleasing portraits, some very minor clipping, good silver. Overall a respectable example of this scarce issue.