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#121711
Rarity index
97%

Reverse

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

Lettering: LEVIG ON NID

Translation: Levig from Nidaros (Now Trondheim)

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 implemented a series of reforms aimed at strengthening the Norwegian economy and improving the lives of his people. The introduction of the 1 Penning coin, which was made of silver and had a standardized design, was part of these reforms. The coin was used widely in trade and commerce throughout Norway and was an important step in the development of the country's monetary system.