Watch List notes:

Northumbria, Æthelred II (c. 841-843-849/50), Styca, Phase II, 'Special Motifs', Leofthegn, +EDELRED REX, four circles and central pellet cruciform within circle, rev. +LEOPDEGN, central pellet with wedges around within circle, central motif (3d/S1b), 1.35g, 0° (Stewartby V, 1891 this coin; Pirie 174/-; North 188; Spink 866A), some verdigris in recesses and the reverse off-struck, otherwise a bolder very fine, a very rare variety.
provenance
Lord Stewartby, Part V, Spink 246, 28 April 2017, lot 1891
Dr Fairlen collection purchased by Spink (acquired April 1954)
~ Hexham hoard, 1832 ~

Estimate: £400 - £500