Watch List notes:

BRITISH COINS, Offa, King of Mercia, Silver Portrait Penny, light coinage (780-792), Canterbury, moneyer Ealred, curled hair portrait right, .:OFFA:. .:REX, the King's title retrograde, rev cross at centre of lozenge compartment with pellet in each angle, outer beaded inner circle around, fleur extensions to lozenge which then link around legend in angles, beaded initial cross, +E / AL. / .R. / EL, 1.18g (Chick 98; Blunt 49; N 291; S 905). Cleaned, good very fine / very fine, a little weak at centre of reverse, but consequently better on portrait side, the only example of this type known with L given at end of moneyer's name rather than D, very rare.

Estimate: £5000-7000