Watch List notes:

STEPHEN, (1135-1154), silver penny, Watford type, issued 1136-1145, Stamford Mint, (1.41 g), Lefsi moneyer, (S.1278, N 873). Uneven flan, otherwise attractively toned with a very good portrait for issue, nearly very fine and rare.

Ex Matthew Rich Collection and previously Dix Noonan Webb Auction 140, lot 266.