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#121602
Rarity index
97%

Reverse

Two lined crossin a solid ring. Surrounded by inscription. Solid ring on the rim.

Lettering: LEFRICS MOT

Translation: Lefrik´s stemple.

Comment

Anonymus coin minted during the early 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 focused on strengthening the Norwegian economy and promoting trade, which led to the introduction of a new coinage system that included the 1 Penning coin. The coin was made of silver and featured the king's name and title on one side, and a cross on the other. The 1 Penning coin was an important part of Norway's currency system during this period and was used for everyday transactions.