Elizabeth I (1558-1603) AR Penny. 
Second issue, struck 1560-61, of sterling fineness (.925). Mintmark martlet.

(martlet) E . D . G . ROSA . SIN . SPINA, crowned bust left.
CIVITAS LONDON, shield of arms quartered by long cross fourchee. 

Seaby 2558

Courtesy Ira & Larry Goldberg Auctioneers, Beverly Hills, CA. www.goldbergcoins.com
Sale 31: The Pre-Long Beach Auction May 30 - June 1, 2005
Lot 2125