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1 Penning - Olav Haraldsson
| Issuer | Norway |
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| Year | 1015-1030 |
| Type | Standard circulation coin |
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| Obverse description | Crude bust of the king facing left, holding a sceptre in the right hand, rendered in the simplified Anglo-Saxon hammered style typical of early Norwegian coinage. The effigy is encircled by a beaded inner ring, with a Latin legend distributed around the periphery of the field. The portrait reflects the influence of contemporary English penny types from which Norwegian coinage of this period derived its designs. |
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| Obverse lettering | OLEF REX NORMANOR (Translation: Olav, King of Norway) |
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| Additional information |
Olav Haraldsson — later canonized as Saint Olav — was among the first Norse rulers to strike coins in Norway itself, breaking dependence on imported English and German issues that had dominated Scandinavian currency for decades. His mint operated under direct English influence, almost certainly staffed by Anglo-Saxon moneyers, a consequence of the close ties Olav had cultivated during his years raiding and eventually fighting alongside Æthelred II against the Danes.
Skaare 3 is among the rarest documented types from this reign, with surviving specimens numbering in the single digits.