1 Penning Visby

Visby's commercial dominance in the Baltic during the thirteenth century rested on its position as the primary Hanseatic entrepôt before Lübeck consolidated control of the league. The city's right to strike its own coinage was a practical necessity for a trading hub handling transactions across currencies from Novgorod to Flanders. These bracteate-style penningar circulated alongside German pfennige and Danish ørtugar in the same purses, their acceptance determined by weight and merchant trust rather than any issuing authority's decree.

At 0.13 g, losses to clipping were nearly impossible — there was nothing left to clip.