Denier - Stephen III

Stephen III inherited a fractured kingdom. His reign began at age fifteen and was immediately contested by two rival uncles — László II and István IV — both of whom seized the throne in succession with Byzantine backing. The resulting civil conflict compressed royal administration and almost certainly disrupted minting continuity, making issues attributable with confidence to any single year within this decade extremely difficult to establish.

The Esztergom mint struck these light deniers against a backdrop of chronic political instability and Byzantine interference that would define Hungarian dynastic politics well into the 1170s.