Watch List notes:

Danelaw, in the name of Alfred (c. 890-900), Penny, in the style of the 'London Monogram', type A4, 1.12g, 4h, +ELFR-ED RE, L and F inverted, double-diademed bust right, wearing semi-circular tunic banded with vertical hatching, rev. 'LONDONIA Monogram', C for letter L, bar of A omitted, small cross pattée to left, quatrefoil above, three wedges below, trefoil above and pellet below I all in D, two pellets within O (W J Andrew [BNJ I, 1903-4], pl. 1, 9 this coin; MacKay, Danelaw, dies 15 (O15/R15), coin 1; N.644; Spink 964), minor edge loss between 6 and 8 o'clock, otherwise a sumptuous even tone overlying slightly crimped surfaces, the central devices superbly struck-up with finely incised details accentuating an enchanting portrait, good extremely fine, very rare, and with an excellent pedigree traced to the Cuerdale trove.
Provenance
Acquired by private treaty, 2016
DNW, 16 September 2014, lot 2331
Lockett, Part I, 6-9 June 1955, lot 503 [illus.]
P W P Carlyon-Britton, portion of collection offered through Spink Numismatic Circular, November and December 1919, no. 76234
Cuerdale Hoard, 1840
Estimate: £6,000 - £10,000