A historically significant Civil War issue struck under King Charles I during the Royalist occupation of Exeter. This example displays even mid-grade wear with central devices that are well defined, atypical for the issue, while the surrounding legends remains largely bold. The equestrian portrait is strong, though lightly worn, and the reverse shows the shield and declaration with excellent clarity. Surfaces are original, exhibiting a uniform steel-gray patina with deeper tones in protected areas. A desirable and evocative piece of English Civil War coinage.