A SILVER penny made in a Hereford mint nearly 1,000 years ago is expected to fetch up to £400 when it is auctioned later this month.

The centuries-old coin was struck in the city during the reign of King Canute, who was England's ruler between 1016 and 1035.

According to coin expert Richard Bishop, there were dozens of mints scattered throughout Britain at the time, including one at Hereford.

He explained that English coins dating from the 11th century were made from the finest silver in Europe, which is why the Vikings regularly invaded these shores at that time.

The penny is to be auctioned by Spink in London on Wednesday, March 27.