London groat of Edward IV

A detectorist signing himself as Damon asked for a full ID and a valuation on the coin pictured here.

The coin is a London groat of Edward IV, which was struck during this king’s second reign. On the obverse there is a rose on the king’s breast and fleurs on the cusps of the tressure, except over the crown. There is a mixture of stops in the legend on the reverse (double saltire after POSVI, a rose(?) after DEVM and an apostrophe after AVDITOREM. On both sides the mint mark is a cinquefoil, which dates the coin to 1480-83.

Valuation

Groats of this type are listed in the Standard Catalogue as number 2100. It belongs to class XXI, of which there are many varieties.
The coin would grade about VF and looks to be flat. It’s a scarce variety so to a collector it shouldn’t be worth any less than £120.

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