1 Penning ND
| Silver | - | - |
| Issuer | Norway |
|---|---|
| King | Olav Håkonsson (1380-1387) |
| Type | Standard circulation coin |
| Years | 1350-1400 |
| Value | 1 Penning |
| Currency | Penning (995-1387) |
| Composition | Silver |
| Shape | Round (irregular) |
| Technique | Hammered (bracteate) |
| Demonetized | Yes |
| Updated | 2024-10-06 |
| Numista | N#121143 |
|---|---|
| Rarity index | 97% |
Comment
Anonymus brakteat minted during thereign of Olav Håkonson.Interesting fact
The 1 Penning coin was used in Norway during the Middle Ages and was equivalent to 1/24 of a Norwegian mark, which was the standard unit of account at the time. The coin was made of silver and had a distinctive design, featuring a crowned lion on one side and a cross on the other. The lion was a symbol of the Norwegian monarchy, while the cross represented the Christian faith. The coin was used for everyday transactions and was also used as a means of payment for taxes and other debts. Despite its small denomination, the 1 Penning coin played an important role in the economy of Norway during this period.