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1/4 Penning

Issuer Kingdom of Norway
Year 1170-1205
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Currency Penning (995-1387)
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Reverse description As a bracteate, the reverse presents the incuse mirror impression of the obverse design: the cross within its framed circle is visible in negative relief against a flat, unworked field. The surface retains the characteristic irregular flan shape and shows natural die flow marks consistent with medieval hand-hammered technique.
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Edge Plain
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Additional information

Norway's fractional penning issues of this period emerged from a monetary system still finding its footing after Harald Hardråde's mid-eleventh century currency reforms. At 0.15g, these pieces sat at the absolute lower threshold of practical silver coinage — so light that accumulation of multiples was the only realistic way to conduct anything beyond the smallest transaction. Attribution to the reign of Sverre Sigurdsson is plausible given the broader Schive classification, though the civil war period between Sverre and the Bagler faction created minting conditions chaotic enough to make precise dating genuinely difficult.

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