Obverse:

ELIZABETH D G ANG FRA ET HIB REGINA. Crowned bust 1F l. with rose behind. Large flan with 19mm inner circle.

Reverse:

POSVI DEV ADIVTOREM MEV. Square topped shield over long cross fourchee dividing the legend. Date 1561 above.

Better than good fine, rare. 

From the A. Monk Collection bt Seaby.