Watch List notes:

BRITISH COINS, Stephen, Silver Penny, Cross Moline "Watford" type (c.1136-1145), Chester mint, moneyer Ravenspert, crowned bust right, +STIEFNE REX, rev cross moline with a fleur in each angle, +R----SPERT: ON CEST, 1.27g (BMC 22, type I; N 873; S 1278). Flat area in strike, otherwise remaining detail good and clear, toned, very fine.

Estimate: £500-700