A silver Horizontal type (HT1) penny of Edward the Elder (c. 874-924) minted in London by Garead. Edward was the son of Alfred the Great and succeeded him as king of Wessex. This coin was part of a hoard of twelve coins found at Thurcaston between 1992 and 2000. The coins are Anglo-Saxon, Arabic and Viking issues, and show the diverse and wide-ranging contacts between societies at this time. The hoard was probably deposited c.923-925, approximately five years after Leicester had been retaken by Mercia (c.918). They indicate that a bullion economy was still operating in the Danelaw as late as the 920s. This suggests that the reconquest did not manage to institute Anglo-Saxon practices such as a monetary economy immediately.