271, Lot: 200. Estimate $5000. Sold for $6500. This amount does not include the buyer’s fee.

SCOTLAND. David I. 1124-1153. AR Penny (20mm, 1.35 g, 5h). Class III. Edinburgh mint; Derlag, moneyer. Period A, struck 1136-circa 1142. + DAVID : [R]E :, crowned bust right; scepter before / + DER[LI]G : ON : EDON :, cross moline, with inward-facing fleur in each quarter. W. J. Andrew, “A Remarkable Hoard of Silver Pennies and Halfpennies of the Reign of Stephen, Found at Sheldon, Derbyshire, in 1867,” BNJ 7 (1910), p. 46, 71, and pl. II, 26 (this coin); Burns p. 24; SCBI 35 (Ashmolean & Hunterian), -; SCBC 5003; IBCH 329 (for hoard; this coin cited [see note 9]). VF, toned, some areas of striking weakness. Extremely rare.

Property of Princeton Economics acquired by Martin Armstrong. Ex Lawrence R. Stack Collection (Sotheby’s London 9443, 22 April 1999), lot 679; T. W. J. D. Dupree Collection (purchased en bloc by Spink, 1989); Sheldon Hoard, Derbyshire County, England (deposited circa 1142, found 1867).