Watch List notes:

NORMAN. Stephen. 1135-1154. AR Penny (19mm, 0.97 g, 10h). Cross Moline ('Watford') type (BMC i). Lincoln mint; Ragnwald, moneyer. Struck circa 1136-1145. Crowned bust right, holding lis-tipped scepter / + R[EIN]AVT : ON [: LIN], cross moline. Mossop pl. LXXXVII, 5 (dies F/f); Mack 21e var. (rev. legend); BMC –; North 873; SCBC 1278. Lightly toned, areas of weak strike, surface crack. Good Fine.

From the Allan Williams Collection. Ex Stack's (29 November 1990), lot 1403; Prestwich Hoard (Glendining's, 13 November 1974), lot 83.