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Sovereign type penny of Henry VII

This coin was unearthed by Paul Tongue during a group dig held on 6 August. I was asked to provide a full ID and to give Paul some idea of its value.

The coin is a sovereign type penny of Henry VII. On the obverse the king is seated on a throne with one pillar. On the reverse is a shield, with a mitre above and R to the left and D to the right. The letters stand for Richard of Durham. Richard Fox was Bishop of Durham from 1494 to1501 when he transferred to Winchester.

Valuation

In the Standard Catalogue pennies of this type are listed as number 2233. This example would grade about Fine but the reverse is badly double struck. In its present condition I would price this find no higher than £20

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