Watch List notes:

(x) Stephen (1135-54), Penny, 1.02g, Cross Moline ('Watford') type, Hereford, Picric, steefne:, crowned and diademed bust right, holding sceptre in right hand, from a distinctive local die, rev. + picric : on : here:, cross moline, fleur in each angle (Mack 16e; N.873; S.1278 var.), legends weak in parts but good very fine, a strong portrait, very rare.
Provenance:
Spink Numismatic Circular, October 1991, no. 6506, 'a little weak in places but as struck, virtually extremely fine and very rare'
Found in 1991

The references and provenance given in the Numismatic Circular are not correct.
Estimate: £1200 - £1500