Watch List notes:

Stephen (1135-54), Penny, 1.32g, ‘Watford’ type, (BMC I), London, Liefred, bust right, crowned and diademed, holding sceptre in right hand, obv. legend reads STEFANVS REX, this cut over HENRIC, annulets in crown, rev. [ ]RED:ON:LVND:, cross moline with a fleur in each angle (N875/1; S1278), the portrait a little soft, the reverse strong, struck on a small flan, nearly very fine, very rareThis coin is struck from an altered obverse die of Henry I type XV..

Estimate: £500.00 - £600.00