Watch List notes:

(x) Stephen (1135-54), Penny, 1.27g, Cross Moline ('Watford') type, Northampton, Paien, crowned and diademed bust right, holding sceptre in right hand, rev. paien : on ; [n]orhan, cross moline, fleur in each angle (Mack 23; N.873; S.1278), good fine, a very rare mint for the reign.
provenance
CNG auction XX, March 25 1992, lot 1211

Paien is the only moneyer for the mint at Northampton. For a comparable specimen see Elmore-Jones, part 3, Glendining, 7 October 1986, lot 1665, 'an extremely rare mint for the reign'.
Estimate: £250 - £300