Obverse:

[HENR]I RE. Crowned bust facing, wearing armour with mantle and sceptre in right hand. 

Reverse:

[NICO]L[E O]N GIPE.  Large cross potent with small cross potent in each angle.

Struck on an irregular flan, good fine and toned. Same dies as BMC 315a, with the progressive die break to the right of the bust clear.

Ex J. Sadler Collection

Ex J. Boon Collection

Ex F. Elmore Jones Collection, Glendining Auction, 13 Apr 1983 - Lot 1143 (Part)

(Study photos plate 22 - number 15)

Published in:

Sadler, J.C. (2012) 'The Ipswich Mint c.973 – c.1207, The End of Edward the Confessor to its Closure Under John 1066 - 1207' Volume III, page 219, Fig 1211 (This coin).

For further reading see: 

Crafter, T. (2002). 'A Die Study of the Cross-and-Crosslets Type of the Ipswich Mint, c. 1161/2-1180'. The Numismatic Chronicle, Volume 162, page 237–251.