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1 Penning - Håkon Magnusson Third minting period

Issuer Norway
Year 1295-1299
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Reference(s) Skaare#244
Obverse description Central field bears the Gothic letter 'H', an initial for Duke Håkon, enclosed within an inner beaded ring. A circular legend in Latin uncial script occupies the annular space between the inner beaded ring and an outer beaded ring running along the coin's rim, framing the entire design.
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Reverse description A bold cross with equal arms dominates the central field, a characteristic device of medieval Scandinavian coinage. The cross is encircled by an inner beaded ring, beyond which a circular legend in Latin uncial script is inscribed. A second beaded ring runs along the rim, forming a double border framing the design.
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Håkon Magnusson's third penning minting, falling within his tenure as Duke of Norway before his accession to the throne in 1299, represents one of the more precisely attributed phases of late 13th-century Norwegian silver coinage thanks to Kolbjørn Skaare's systematic die analysis. Norway's penning coinage at this period was already deeply debased relative to earlier royal issues, the silver content having eroded steadily across successive reigns as fiscal demands outpaced bullion reserves.

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