Watch List notes:

Stephen (1135-1154), Northern Variants, 'Flag/Ornaments Type', Penny, c. 1145-1149, York, [+] STIEFN-E R crowned and draped bust right, holding flag or banner before, rev. ornamental legend, cross moline with inward fleurs in angles, (SCBI 20 [Mack], 617; Williams III, 442; North 919; Spink 1313), as the last, the portrait reworked, with a chip, split and lightly porous flan, struck details fine to approaching very fine, very rare.

Estimate: £2400 - £3000