The clear and carefully formed runes on the sceatta reveal the moneyer's name—'Tiælred'—which is perhaps a version of "Coeldred": the obverse reads 'Ethælbert'. Of about 42% silver, the coin is closely connected to Beonna, being struck on a module comparable to the larger planchet which characterises the later strikes of Beonna's most prolific moneyer, Efe. The formula resembles the money made for Beonna by Wilred, but the confident lettering and beading more resembles the work of Efe. Its resemblance to the coins made for Beonna "strongly suggests" to Archibald that it was made for a king who ruled in East Anglia at around the same time.