Watch List notes:

Henry I (1100-35), Penny, Facing Bust/Cross Fleury type, Uncertain, Saewine, 1.25g, 3h [?], rev. + S[AE]PINE ON [...] (N.866; BMC X; S.1271), official test cut to flan and areas of striking weakness, otherwise a bolder fine and quite pleasing example for issue.

Estimate: £250 - £350