James III was crowned King of Scotland at Kelso Abbey.

The islands of Orkney were pledged to James III of Scotland in part payment of the dowry for the marriage of James to the daughter of King Christian I of Norway. ^[1]

James III of Scotland married Margaret of Denmark. Margaret's father was unable to pay the dowry for his daughter so offered Orkney and the Shetland Islands instead until he could raise the money. They were married at Holyrood Abbey.

King James III of Scotland agreed that his new born son, James, should marry Edward IV's daughter Cecily. Cecily was only four and the agreement stated that the marriage should wait until both were old enough. Also, if either died before that time, a substitute would be found. This agreement brought peace between Scotland and England until October 1519.

In Scotland, the treaty signed by the Northern Earls and King Edward IV of England in 1462 was uncovered. King James summoned Earl Ross to appear before Parliament but he failed to attend and was declared a traitor. In 1476 Earl Ross appeared before the King and repented and iIn return was treated with clemency and his lands restored. But the Earldom of Ross was returned to the Crown.

James III king of Scotland was killed at or shortly after the battle of Sauchieburn. Several of his nobles had risen up against the king and James was forced to fight. The king's army was defeated. James fled the battle field but was killed or even murdered shortly afterwards.