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Stephen Penny, Gloucester Mint, Moneyer Gilbert
Stephen (1135-54), silver Penny, Watford type (c.1136-45), Gloucester Mint, Moneyer Gilbert, crowned bust with sceptre right, Latin legend and beaded border surrounding, ---IEFN-RE-, rev. cross moline, lis in each angle, Latin legend and beaded border surrounding, +GIL---RT ON : GO:, weight 1.36g (cf.Mack 14b; N.873; S.1278). With a clear portrait, well centred, as usual legends not all visible, otherwise very fine for issue form this scarce mint.
The legends on King Stephen pennies are always difficult to decipher, the obverse usually translates as "Stephen King" and the reverse gives the monyer name "Gilbert of Gloucester" where the mint name is abbreviated to "GO". This coin would have been produced in the earlier part of King Stephen's reign as during the time of civil unrest later, Gloucester became an Angevin stronghold for Earl Robert and interestingly Stephen's cousin Matilda, received him at Gloucester as her prisoner before sending him on to Bristol in 1141.