1 Penning ND (1065-1080) front 1 Penning ND (1065-1080) back
1 Penning ND (1065-1080) photo
© Museum of Cultural History, University of Oslo, Norway (CC BY 4.0)

1 Penning ND

 
Silver - -
Description
Issuer
Norway
King
Olav Kyrre (1066-1093)
Type
Standard circulation coin
Years
1065-1080
Value
1 Penning
Currency
Penning (995-1387)
Composition
Silver
Shape
Round (irregular)
Technique
Hammered
Demonetized
Yes
Updated
2024-10-06
References
Numista
N#121538
Rarity index
97%

Reverse

Double-lined cross in the centre in a solid ring. Unreadable inscription around it.

Comment

Coin minted by anonymus ruler during the early period of the reign of Olav Kyrre (1067-1093AD).

Interesting fact

The 1 Penning coin was minted during the reign of King Olaf III, also known as Olaf the Peaceful, who ruled Norway from 1067 to 1093. During his reign, Olaf III implemented a series of reforms aimed at strengthening the Norwegian economy and improving the lives of his people. One of these reforms was the introduction of a new coinage system, which included the 1 Penning coin made of silver. This coin was an important step towards establishing a standardized currency system in Norway and helped to promote trade and commerce throughout the country.