Denier - Berengar I third coinage, as king

Berengar I's third coinage as king followed his defeat at the Brenta River in 899, where a Magyar raiding force annihilated his army so decisively that his political authority fragmented almost immediately. The subsequent decade saw rival claimants — most consequentially Louis of Provence, crowned king of Italy in 900 — contest control of the peninsula, and Berengar's ability to mint consistently was directly tied to which cities he actually held. That he continued issuing at all through this period reflects his tenacious grip on the northeastern territories anchored around Verona and Friuli, his original power base.