Watch List notes:

SCOTLAND. David I. 1124-1153. AR Penny (20.5mm, 1.33 g, 9h). Phase C. Burns class II. Carlisle mint; Richard, moneyer. Struck late 1140s–1153. [DAVIT REX], crowned bust right; lis-tipped scepter to right / + RIC[ART : ON CA...?], cross moline on cross fleurée. Cf. Stewart, "An Uncertain Mint of David I," in BNJ 29 (1959), 3-4; cf. Burns fig. 6B and 6C; cf. SCBI 35 (Ashmolean & Hunterian), 8; SCBC 5007. VF, toned, slight porosity. On a large, somewhat wavy, flan. Very rare, particularly for this mint.