Aethelred II penny

The finder of this coin asked to remain anonymous. It has been reported and recorded but the finder wanted to know what it might be worth.

The coin is an Aethelred II penny, which is an example of the second hand type. On the reverse the legend reads +GVNNAR M-O DEORABY, so Gunnar is the moneyer and Derby the mint. In the Standard Catalogue the type is listed as number 1146 and in J. J. North’s English Hammered Coinage it is number 766. The reign, type, mint and moneyer combination is known but is extremely rare.

Valuation

For present-day collectors rarity is important but the state of preservation is even more important. Overall, I’d grade this Anglo-Saxon penny as good Fine and in its present condition I would place upon it a pre-sale estimate of £400-600. As it is a rarity it should achieve at least the lower finger.

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