1/4 Penning

Norway's fractional silver coinage of this period emerged from a monetary system under considerable strain — the kingdom was simultaneously expanding trade infrastructure and managing the economic aftershocks of the Black Death's precursor famines. Quarter penning pieces were struck at Bergen, the dominant commercial hub of medieval Norway, where Hanseatic influence was already reshaping what denominations mattered at the market level. The dies were cut with minimal standardization, and Skaare's cataloguing of type 266 represents a grouping rather than a single emission.