Denier - Andrew II

Andrew II's reign was defined less by monetary policy than by the chronic financial desperation that led him to alienate royal estates and revenues on an unprecedented scale — a practice so ruinous that his own barons forced the Golden Bull of 1222 upon him, Hungary's rough equivalent of Magna Carta. Funding the Fifth Crusade, in which Andrew personally participated in 1217–1218, drained the treasury severely, and the debasement and irregular output of silver deniers across this period reflects that instability directly.

The ÉH#127 attribution places this piece within a contested group where die-cutting quality varies considerably across the reign's three decades.