Denier - Stephen III

Stephen III came to power as a teenager amid dynastic civil war, his reign immediately contested by Byzantine-backed rivals — first his uncle Ladislaus II, then Stephen IV — who temporarily drove him from the throne in 1163. The Byzantines under Manuel I Komnenos were actively destabilizing the Hungarian succession throughout this decade, and the small fractional coinages of this period reflect a monarchy intermittently in crisis, minting opportunistically rather than systematically.

The H#132 attribution places this within a well-documented but sparsely represented type; surviving examples in collectible condition are scarce precisely because the political instability disrupted consistent production runs.