| Stephen and Matilda.Two figures standing opposite each other, and holding between them, a standard, or lance 
terminating in a fleur de lis.  Rev. an escarbuncle of four plain limbs terminating in an annulet, and four 
engrailed limbs terminating in a fleur de lis. (281).  Rud. ii. 3. Sn. i. 30. MB. 2.  Various ornaments 
occupy the place of the legend, and these vary a little in the two Museum specimens.
The figures upon this coin have been supposed to represent Stephen and Henry, and the coin to have 
been struck in commemoration of the treaty of peace concluded between them at Wallingford in 
1153.  It has been remarked, that, had such been its object, the name of Henry, as well as that of 
Stephen, would have appeared upon the coin, whereas the legend is merely STIEFNE R.  There is not a 
great deal of force in this remark, because the result of the treaty was to leave Stephen sole monarch 
during his life; he might, therefore, in the type allude to the union with his former enemy, and yet it 
would clearly have been incorrect to have put any other name but his own upon the coin.  He 
acknowledged the peace, but asserted his own title.  Still the evidence, and even the presumption, of 
its alluding to this peace is extremely slight.  If any argument could be founded upon the type of a coin 
so rude in workmanship, we should venture upon a direct contradiction to the supposition that the 
figures were Stephen and Henry.  It appears to us that one has long hair, the other short; one has the 
lower garments divided as trousers, the other closed like a petticoat; and we also think we can 
perceive an attempt of the artist to indicate the female form.  This conjecture is thrown out for 
consideration of the Numismatists; we have no explanation to offer, except that possibly the two 
figures represent Stephen and his wife Matilda, and that it may have been struck when she 
commanded the army, which defeated his enemies and procured his liberation.  These pieces are of 
good silver, and extremely rare.  There are two in the Brit. Mus., and another was sold at Bentham's 
sale, 1838 for £16. to Mr. Spurrier, at whose sale, the same year, it was sold for £11..5s.  The Pembroke 
collection has one, but a fragment.  Pt. i. pl. iv.
 
Henry, Archbishop of Winchester and Robert |
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Eustace and William
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