Watch List notes:

Henry IV (1399-1413), Noble, Tower, type V, 6.93g [106.9gns], 10h {to i.m.}, single saltire stops, reads henr|ic ... hyb z a|q, annulet and trefoil on side of ship, nothing on rudder, ropes 3/1 {twisted}, ornaments -11-11, quatrefoils 3/3, castles not crenellated, rev. i.m. cross pattée [6], reads medivm illorv', trefoil after ibat, double saltire stops, additional trefoil in first quarter {floriate cross rotated 90 degrees anticlockwise to i.m.}, pellet and large h in centre (Stewartby, 'Primary phase', class Pbii; Schneider I, 211, same obverse die/206, for reverse legend variety; N.1355; S.1715), a pleasingly broad striking with some edge furling, otherwise almost very fine, very rare, the reverse die variety unknown to Schneider.
provenance
Elsen & Sons 89, 9 September 2006, lot 1242

Estimate: £3,000 - £4,000