Reo Freitas said he has had this coin for some time but he is uncertain as to its possible value. It’s an Edward I type IIIc penny of London. Experienced detectorists know that pennies of Edward I are amongst the hammered silver coins they find most frequently. However, they also know that most of them that turn up are not in good condition. Leo’s find is way above average, as it would grade good VF for the issue.
Were it in Fair condition it would be worth £5 at best; if it was Fine then £20; however, in its present condition a keen collector shouldn’t offer any less than £80 in order to acquire it. It’s not a scarce coin in itself but the present generation of collectors are far more interested in the state of preservation than the rarity.
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