¼ Penning ND

The ¼ Penning coin was used in Norway during the Middle Ages and was equivalent to one-fourth of a Norwegian penning, which was the standard unit of currency at the time. The coin was made of silver and had a distinctive design that featured a cross on one side and the king's name on the other. The ¼ Penning coin was used for everyday transactions and was a popular form of currency among the common people. It's interesting to note that the use of silver in the production of coins during this period was a significant innovation in the history of currency. The use of silver as a medium of exchange and store of value was a major improvement over earlier forms of currency, such as bartering and the use of cowry shells, and paved the way for the development of modern currency systems.

• europe
• no period