Watch List notes:

Henry VII (1485-1509), 'Sovereign' Pennies, 1505-1509, Tower, m.m. pheon (2), King enthroned facing, flanked by pillars of chair, two lis-topped double pillars, rev. square-topped shield over cross fourchée, double saltire stops, 0.68g, 2h, pierced; another, similar, rev. single saltire stops, 0.78g, 4h, m.m. pheon/- (Stewartby pp. 448, the first Pl.31, no. 557 this coin; Whitton IVc; North 1726/1; Spink 2230), the first pierced, otherwise both toned, nearly very fine (2).
Provenance
Lord Stewartby, Part V, Spink 243, 28 March 2017, lot 1520, thence:
i) Baldwin, by private treaty, November 1973
ii) Baldwin, by private treaty, December 1995
H M Lingford, collection dispersed by Baldwin, from 1951
R Carlyon-Britton, third collection purchased by Seaby, 1949
Lord Grantley, Sotheby's, 20-21 April 1944, lot 1485
F W Longbottom, Sotheby, 14-15 May 1934, lot 215

Estimate: £80 - £120