This coin was found a while back by Steve Pulley. It’s a hammered coinage penny of Elizabeth I. Steve said it looks different to the standard type as it has colon stops in the obverse legend instead of the more usual single pellets. The mint mark isn’t clear but the bust on the obverse is type 3H, so it must be martlet. Anyone particularly interested in the coinage of Elizabeth I should get hold of a copy of The Hammered Silver Coins Produced at the Tower Mint During the Reign of Elizabeth I by I. D. Brown, C. H. Comber and W. Wilkinson. The colon stops are unusual for a penny but this wouldn’t add much to the commercial value of Steve’s coin.
In terms of wear the coin would grade good Fine but the edge is chipped at roughly 4 to 5 o’clock on the obverse, which reduces its eye appeal. In its present state of preservation a fair retail price would be in the region of £40.
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