Watch List notes:

(x) Kent, Baldred (c.823-825), Penny, 1.188g, 9h, portrait type, Rochester, Ethelmod, + baldred rex +, legend begins at 8 o'clock, diademed and draped bust right, breaking solid inner circle, rev. + edelmod moneta, the ne ligate, wheel design of eight limbs radiating from a central annulet (Naismith R8.1e this coin; N.218; S.881), edge chipped, cracked from 7 o'clock across to 11 o'clock and repaired, very fine, extremely rare.
Provenance:
Spink Numismatic Circular, December 1993, no. 8410

Estimate: £1,200 - £1,500