Magnus IV — known also as Magnus VII of Norway — ruled a combined Scandinavian realm until Swedish nobles, exhausted by his costly and failed campaigns to acquire Scania from Denmark, forced his abdication in 1363 in favor of the German Duke Albert of Mecklenburg. These small silver penningar were struck during the final, politically unstable decade of his Swedish reign, when Magnus was simultaneously fighting to hold his kingdom and negotiating with creditors to finance wars he was steadily losing.
Magnus IV — known also as Magnus VII of Norway — ruled a combined Scandinavian realm until Swedish nobles, exhausted by his costly and failed campaigns to acquire Scania from Denmark, forced his abdication in 1363 in favor of the German Duke Albert of Mecklenburg. These small silver penningar were struck during the final, politically unstable decade of his Swedish reign, when Magnus was simultaneously fighting to hold his kingdom and negotiating with creditors to finance wars he was steadily losing.