Made from a die to represent this type and hand struck from pewter. The moneyer's name is ficticious (Grunal).
This is a silver penny issued by Empress Matilda struck by Grunal (ficticious) GRVNAL and representing a coin dating to the period of Stephen and the Anarchy. There are a few different mint towns and it might be EARDV (Cardif) or EWARK (Newark) It is of a type known as the "Pereric M Type"
