This Master of the Mint, appointed by James V, was responsible for the introduction of a silver coin valued at six, later three, pence Scots, which was named after his estate. Sillebawby was a farm in the parish of Burntisland in Fife, a moorland portion of the farm of Balbie (pronounced 'bawbee' ()). Its name takes various forms throughout its recorded history: Sybbable (1328), Slebalbe (1328 and 1458), Selybawbey (1517) are some early examples. The later examples Silverbabie (1642), Silver-baby (1654) and Silverbarton (1828 and current) may have arisen from a nickname marking the connection to the silver coin.