1 Penning Visby, dot above

Visby's municipal coinage occupied an unusual position in Baltic trade: the city functioned as the dominant Hanseatic entrepôt in the Baltic before Lübeck and the north German ports systematically dismantled its commercial dominance across the fourteenth century. These tiny penningar were the lowest denomination in local exchange, frequently clipped and counterfeit in contemporary complaints from the town council. The dot above distinguishes this die variety from otherwise near-identical issues catalogued by Hauberg — a distinction that matters considerably for dating within the nearly two-century span this type spans.