1 Penning - Håkon V Magnusson

Håkon V moved the Norwegian capital from Bergen to Oslo in 1299, the same year his reign — and this coinage — began. The penning denomination had been struck in Norway since the mid-eleventh century, but by Håkon's reign chronic debasement had reduced silver content to levels that made the coins barely distinguishable from copper in everyday handling. Skaare 250 is among the smaller and thinner issues of his monetary output, products of a mint system that was decentralized and inconsistent enough that die-cutting quality varied sharply between workshops.