Watch List notes:

Mercia, Coenwulf (796-821), Penny, 1.43g, Portrait phase, c.805-21, Group III, Cross and wedges type, London, Ceolbald, laureate, diademed and draped bust right dividing legend, variety with moustachioed bust, +coehvvlf rex m, legend begins at one o'clock, uncial m, rev. +ceolbeald around cross pattée with pellet in each angle (Naismith L19.2; N.355; S.918), a field find with some light deposits remaining, slightly dished flan with undulation above the portrait, elongated striking perforation at 9 o'clock, this piece a remarkably high grade and with original surfaces evident, nearly extremely fine, a superb example of this excessively rare bust variety.

Estimate: £1,500.00 - £2,000.00