Denier Class B2

Genoa's early communal coinage emerged directly from the city's assertion of political autonomy in the twelfth century, with the commune striking in its own name rather than under imperial or episcopal authority — an arrangement formalized after Frederick Barbarossa's repeated and ultimately unsuccessful attempts to subordinate the Ligurian coast. The Class B2 denier sits within a typological sequence developed by scholars largely from hoard evidence, as documentary sources for the Genoese mint in this period are fragmentary at best.

Billon quality in these issues varies considerably across the class, reflecting inconsistent bullion supply during a period when Genoese merchants were simultaneously expanding into the Levantine trade networks following the First Crusade.