Watch List notes:

ANGLO-SAXON, Kings of Wessex. Æthelstan. 924-939. AR Penny (21.5mm, 1.49 g, 7h). Small cross/Horizontal-Trefoil 1 (HT 1) type (BMC i). North East I mint; 'Cugeli', moneyer. ÆÐEL•STAN REX, small cross pattée / CVGELI/MOИИ in two lines; three crosses pattée between, trefoil above and below. Blunt, Aethelstan 378; SCBI 34 (BM), –; SCBI 4 (Copenhagen), 710 (same obv. die); North 668/1b; SCBC 1089. Near EF, glossy dark tone. Extremely rare moneyer, none in the EMC and Blunt photofile, only one in CoinArchives (DNW 127, lot 2275) and ACSearch (St. James 5, lot 14).