Watch List notes:

NORMAN. Stephen. 1135-1154. AR Penny (20mm, 1.44 g). Cross Moline ('Watford') (BMC i). Sudbury(?) mint; uncertain moneyer. Struck circa 1136-1145. Crowned bust right, holding lis-tipped scepter / [...] ON [...], cross moline. Cf. BMC 104; Spink 175, lot 1361 (same obv. die); North 873; SCBC 1278. Toned, legends weak. VF. Bold portrait. Rare.

The distinctive portrait of this coin, which appears to lean forward, and the finely rendered swirling hair at back of head are characteristic of the Sudbury mint.