Watch List notes:

Penny 1848 8 over 6 also with thicker I in GRATIA, as Peck 1494 VF with some contact marks, we note a GVF example in London Coins Auction A161 2/6/2018 (Lot 1816) GVF with some contact marks realised £300 hammer price, and a GEF example in London Coins Auction A152 6/3/2016 (lot 2346) realised £500 hammer price

Estimate: 60-120 GBP