Incuse or Raised? And does it even matter? Looks to have a die crack too. Not seen a better example of this issue and love the red......not sure if it would reach a 'red' benchmark, or NGC would slab it RB.
As a dealer in British coins, I can say: Tough to say from these photos, but honestly as per variety (I would say raised), both varieties sell for about the same in better grades. I would count this more on the red end, and most serious UK coin collectors have learned to take American TPG expertise with a pinch of salt (they have never and will never trust them). This is a lovely piece, and at this more red than brown UNC level, the price will be about the same.
https://www.londoncoins.co.uk/img.php?a=144&l=1756&f=r&s=lhttps://www.londoncoins.co.uk/img.php?a=144&l=1757&f=r&s=lIncuse Raised
Not sure what's happening here, so try again Incuse Raised The raised is much rarer as a currency piece
Yours is incuse. Your saltire has lines on the outside. These are created by a thin incuse line dividing them from the centre of the saltire arm. The second image has a single raised line towards the middle of the saltire arms which is clearly raised in the top left quadrant as you can see the light reflecting off the angled surface.
Nobody in the UK has much interest in UK grading Co's as they simply have no international gravitas. I get all my decent banknotes graded by PMG unless they are already graded. Prevents damage if nothing else.
You can extend the lack of interest in UK grading co's to include the US ones as well. Sure there are some adherents to the slabbing game in the UK, but it isn't the sacred cow that it is in the US. Collectors should be buying the coin and not the label. Just take it for what it is - an alternative opinion to your own. I wouldn't pay a penny extra for the label, but having bought well over a hundred slabbed coins in the past, I can safely say that roughly 20% came at a discount due to the fact that the US TPGs are quite adept on occasion at misidentifying British coins. Happy days, and more than the odd thousand pounds saved. I use my own grading system - acceptable or not, with the physical grade sliding to accommodate the coins available to collectors or anything specific to the coin/type in question. This is very useful when there are no coins available that would get a numbered grade.