SCOTLAND. David I. 1124-1153. AR Penny (20mm, 1.34 g, 2h). Quadrilateral on Cross Fleurée type of Henry I. Phase A. Carlisle mint; Erebald, moneyer. Struck 1136-early 1140s. + DAVIT R[EX], crowned bust left; lis-tipped scepter to left / [+ EREBA]LD : ON : C[A]RD, quadrilateral with incurved sides and fleurs at limbs; all over cross fleurée. Mattinson & Cherry group A, fig. 3 (this coin) = Coin Register 2004, 353 = EMC 2004.0235 (this coin); Burns –; SCBI 35 (Ashmolean & Hunterian) –; SCBC 5001. Small edge crack. Good VF. The finest known of this extremely rare issue. The first Scottish coin.
From the James & Martha Robertson Collection. Ex Peter Cherry Collection (Dix, Noonan, & Webb 124, 16 September 2014), lot 2233, purchased from M. Finley, 2003. Found South Cumbria, early-mid 1990s.
Herny-type issues from the Carlisle moneyer Erebald have long been held to be the first struck during the Scottish occupation, making them the earliest coinage of Scotland.