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graded by NGC as AU58 and a rare date
early issue (1281-84)
design by David Lawrence
D N IVSTINI-ANVS P F AVG
horse grazing right on groundline
Scotland, Alexander III Penny, 1st coinage, Inverness, Gefrai graded by NGC as AU58Scotland, Alexander III (1249 86), silver Penny, first coinage, long voided cross and stars (1250 1280), Type III, Inverness mint, moneyer Gefrai, crowned profile bust left, small head with neat crown, legend reads +ALEXANDER REX, the ER ligatured, rev. voided long cross, four stars of six points in angles, legend surrounds GEFRAI ON INV, weight 1. 41g (SCBI 35 [Scottish], 123 A; Lockett 68b; Burns type IV 67b fig. 122B; S. 5043). Toned, reverse off
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