ANGLO-SAXON, Kings of All England. Æthelred II. 978-1016. AR Penny (19mm, 1.17 g, 10h). 'Subsidiary' Long Cross type (BMC iva, Hild. D). London mint; Eadwine, moneyer. Struck circa 997-1003. Draped bust left / + ED PI(NE) M'O LVN, voided long cross, with pellet at center and triple-crescent ends. V.J. Smart, "A Subsidiary Issue of Æthelred II's Long Cross," BNJ XXXIV (1965), 30 (same dies as illustration); SCBI 7 (Copenhagen), 766 var. (rev. legend); North 744 and p. 159 note 313; SCBC 1151. Toned, some hard deposits. Good VF. Rare subsidiary style.
Smart (BNJ 34, p. 37-41) identified a subsidiary style of the Long Cross coinage that appears at many of the southeastern mints. She suggests that these pieces were struck late in the Long Cross type, after the bulk of coins had already been issued and most of the dies used up. The mints apparently ran out of dies and created these crude replacements to continue to supply the need for coinage. North (p. 159, note 313) dismisses these as a regional variation of the main Long Cross type.