Geological analysis identifies the stone as lower Old Red Sandstone whose texture, minerals and colour match sandstone from the Scone Formation near Scone itself. This refutes the legends of a Holy Land or Iona origin: the stone is Scottish and local. The finding also bears on a persistent tradition that the monks of Scone hid the genuine stone in 1296 and handed Edward I a decoy. No material evidence supports a substitution, and the geological match with Scone works against it, so the substitution story is recorded as an unproven claim while the stone itself is treated as the authentic historical coronation stone.
The stone was formally returned to Scotland on 15 November 1996, installed at Edinburgh Castle, and travelled back to Westminster Abbey only for the coronation of Charles III in May 2023 before returning again to Scotland, where it is now kept at Perth Museum. A persistent, unproven claim holds that the monks of Scone hid the genuine stone before Edward's men arrived and gave him a plain substitute, so that the stone crowned in London and now in Perth is not the authentic article; no archaeological or documentary evidence supports this, and it survives as folklore rather than as a documented alternative history.