Watch List notes:

Wessex, Alfred the Great (871-899), 'Monogram' Penny, London, Type A7, AELFRD REX, the L and F inverted, diademed and draped bust right, rev. LONDONIA Monogram, cinquefoil of pellets above, quatrefoil of pellets below, 1.55g, 9h (Mackay, London, dies 21 [O12/R14]; North 644; Spink 1061), a phenomenal example on a compact round flan, rich cabinet tone accentuating lustre in deepest recesses, an attractive extremely fine, and very rare in this splendid state.
Provenance
SNC, April 1982, no. 2844 - a superb portrait piece; the best specimen of this type we have had for some time - £2,000 [acquired 17 February 1982]
H A Parsons, Glendining, 11-13 May 1954, lot 133 - in mint state and very rare - £15.10.0 [Spink]
Estimate: £12000 - £15000