Cnut, penny

Obverse has an inverted patriarchal cross with lettering CNUT at ends of limbs and REX in angles. On reverse, small cross pattée surrounded by CVNNETTI. It is not certain whether Cunnetti is the name of the mint, (perhaps Cunneet in Shropshire, or Malborough in Wiltshire, formerly called Cunetio). Alternatively, it could mean “Cnut’s people”.