Denier - Andrew II

Andrew II's reign was defined less by monetary policy than by chronic fiscal crisis. To fund the Fifth Crusade and an extraordinarily expensive series of land grants — the so-called "new institutions" he later tried to claw back via the Golden Bull of 1222 — Andrew alienated royal revenues at a rate that left the Hungarian treasury perpetually hollowed out. Debasement and irregular mint output followed as a direct consequence.

The ÉH#140 attribution places this among the earlier documented types of his long reign, before the reforms forced on him by the nobility in 1222.