Watch List notes:

Wessex, Alfred the Great (871-899), Penny, 'London Monogram', type A2, 1.39g, 8h, AELFR-ED REX, diademed bust right with curly hair, wearing compact ornate tunic, curly hair, pellets in fields before, rev. LONDONIA Monogram, three pellets in D, and on outer border, fields plain (Murdoch 77 this coin; Carlyon-Britton [1918], 1652, same dies; Lockett 504, same reverse die; Dolley and Blunt [BNJ, 1958], pp. 220-247; MacKay, London, dies 9 (O4/R9), coin 2; N.644; Spink 1061), very minor edge loss at 12 o'clock, otherwise a most handsome coin, with a remarkably bold portrait in an arrestingly rustic but highly competent style, near extremely fine, very rare and with an excellent pedigree.
Provenance
A W Morrison collection by private treaty with Ennismore, 2014
Finn, FPL 14, 1998, no. 88, 'possibly the most interesting and certainly the most distinctive of the busts of the London Monogram coins'
Bascom, Sotheby, 15-16 June 1914, lot 59 [plate] '21.5 grns, - 'very fine and extremely rare, the BM specimen being only a fragment' - £5.5.0 [Lincoln]
Murdoch, Sotheby 11 March 1903, lot 77 [plate] - 'exceedingly fine and a very scarce variety, very rare' - £9.0.0
Webb, second portion, Sotheby, 6-7 August 1895, lot 12 - 'very fine and very rare' - £3.3.0 [Spink, for Murdoch]
, Bucklersbury, 'Barge Yard' Hoard, 1872

Estimate: £8,000 - £12,000