1 Penning

Struck during the period when Norway's population had been reduced by roughly half following the Black Death's arrival in 1349, these small silver penninger represent some of the most degraded coinage the kingdom ever produced. The monetary system was severely disrupted — bullion was scarce, minting was irregular, and surviving die-linked groups suggest production was concentrated in brief, chaotic bursts rather than sustained campaigns.

Skaare 282 places this type within the late Håkon VI period, when Norwegian royal authority was increasingly subordinated to Hanseatic commercial pressure. The coins circulated alongside foreign currency that frequently displaced them entirely.