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This is a good example of a Sceat (Sceatta?). These prototype gold and silver coins preceded the more recognisable later flat silver pennies.

Found with a metal detector in a field near Ewelme in Oxfordshire, these are not common finds.

Anglo-Saxon sceat, c. 710-760AD. East-Anglian R1.
Runes read EPA, probably the name of the moneyer.

AN262578001. Gold coin - Lifinc and Edward the Confessor, style Expanding Cross. All these images are © Trustees of the British Museum. These free low-resolution images are covered also under the British Museum's Terms and Conditions…

AN175604001. Metal coin - Diormod (moneyer) and Ecgberht. All these images are © Trustees of the British Museum. These free low-resolution images are covered also under the British Museum's Terms and Conditions…

AN175666001. Metal coin - Sievrt (Viking ruler), style DNS. DS. Rex. All these images are © Trustees of the British Museum. These free low-resolution images are covered also under the British Museum's Terms and Conditions…

AN00175554_001_l. Metal coin - Torthelm (moneyer) and Athelstan I, style non-portrait. All these images are © Trustees of the British Museum. These free low-resolution images are covered also under the British Museum's Terms and Conditions…

AN00176285_001_l. Metal coin - Diarwald (moneyer) and Alfred the Great, style two-line. All these images are © Trustees of the British Museum. These free low-resolution images are covered also under the British Museum's Terms and Conditions…

AN00176278_001_l. Metal coin - Alfred the Great. All these images are © Trustees of the British Museum. These free low-resolution images are covered also under the British Museum's Terms and Conditions…

AN00176311_001_l. Metal coin - Æthelræd II, style Long cross. All these images are © Trustees of the British Museum. These free low-resolution images are covered also under the British Museum's Terms and Conditions…

AN00176292_001_l. Metal coin - Cnut, Viking leader in the Danelaw. All these images are © Trustees of the British Museum. These free low-resolution images are covered also under the British Museum's Terms and Conditions…