British hammered, Edward III, first coinage, halfpenny, Berwick-upon-Tweed, bear's heads in angles

Fine or better, cracked, traces of red wax. Rare. 

Spink 1357; North 1090 

ex-Croydon Coin Auctions, 8 December 1992, lot 739; the red wax indicates photography in the early 20th century or even late 19th century, provenance worthy of further research.