Watch List notes:

ANGLO-SAXON, Kings of Mercia. Coenwulf. 796-821. AR Penny (19mm, 1.28 g, 6h). Group III–IV. Portrait type. Mint in East Anglia (Ipswich?); Lul, moneyer. Struck circa 800-821. Diademed bust right / + L V L within quarters of long cross fourchée with arced ends; pellets ion oute voids. Naismith E10.2u (this coin); North 363; SCBC 919. Good VF, a few light deposits, minor porosity, some edge loss with associated hairline crack. Rare.

Found at Hollingbourne, Kent, in 1986.