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Denier - Andrew II

Issuer Hungary
Year 1205-1235
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Reference(s) ÉH#169, H#238, EK I#17/34, CAC III#21.32.1.1
Obverse description Facing bust of a crowned figure rendered in archaic Romanesque style, depicted frontally beneath a double arch, holding a lily sceptre in each raised hand. Two towers flank the figure in the upper field. The composition is enclosed within a double beaded circle forming the border.
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Edge Plain
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Additional information

Andrew II's reign was defined less by monetary policy than by the catastrophic generosity of his land grants — the so-called "new institutions" that alienated royal estates on a scale that crippled the treasury and ultimately forced the Golden Bull of 1222, Hungary's answer to Magna Carta. Coinage from this period reflects that fiscal erosion: silver content in Árpád-era deniers declined perceptibly across his thirty-year reign as the crown struggled to maintain even basic minting standards.

Andrew also led the ill-fated Fifth Crusade, departing in 1217 and returning within a year having accomplished nothing of consequence — but the campaign drained resources that never returned to the mint.

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