Watch List notes:

STEPHEN, (1135-1154), silver penny, Watford type, issued 1136-1145, Lincoln mint, (1.33 g), Reinald moneyer, (S.1278, N 873). Attractively toned, good portrait for issue, nearly very fine and rare.

Ex Matthew Rich Collection and previously Baldwins Auction 80, lot 2201. Also Spink Numismatic Circular, December 1973, item 9905.