Watch List notes:

ANGLO-SAXON, Kings of All England. Æthelred II. 978-1016. AR Penny (20mm, 1.39 g, 11h). Last Small Cross type (BMC i, Hild. A). Exeter mint; Karli, moneyer. Struck circa 1009-1016. Diademed and draped bust left / + CΛRLΛ ON EΛXCESTRE MO, small cross pattée. SCBI 30 (American), 473 (same dies); SCBI 7 (Copenhagen), 162 var. (rev. legend); North 777; SCBC 1154. Lightly toned, flat strike. VF. Unusually full reverse legend. Rare.