1 Penning

Olav Kyrre — "the Peaceful" — reigned for 26 years without fighting a single foreign war, an extraordinary record for an 11th-century Norse king. His reign saw the first permanent bishoprics established in Norway and the beginnings of Bergen as a town. The penninger struck under his authority are among the earliest coins produced on Norwegian soil rather than imported from or modeled directly on Anglo-Saxon dies, though English influence on the fabric remains unmistakable — a consequence of the close monetary ties following Harald Hardrada's defeat at Stamford Bridge in 1066, which left Olav to negotiate peace with William the Conqueror and reorient Norwegian coinage inward.