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Denier - Stephen III

Issuer Hungary
Year 1162-1172
Type Standard circulation coin
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Reverse description Central field occupied by a stylised monogram or letter 'S', rendered in a decorative interlaced form and enclosed within a raised circular inner ring. The monogram, likely referencing the royal initial of King Stephen (István) III, is boldly struck and dominates the plain, unlettered field. The surrounding area between the inner ring and the coin's edge is flat and unadorned. The design is characteristic of Árpád-period Hungarian deniers, where a royal initial serves as the sole identifying device on the reverse.
Reverse script Latin
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Additional information

Stephen III came to the Hungarian throne as a teenager in 1162, immediately contested by his uncles László II and István IV, both backed by Byzantine emperor Manuel I Komnenos. The resulting dynastic struggle produced multiple competing coin issues within the same decade, making attribution of minor deniers from this period genuinely difficult — catalogers rely heavily on die studies rather than iconographic distinctions to separate the claimants' issues.

The weight of this piece, well under half a gram, reflects a sustained debasement trend in Hungarian royal coinage across the mid-twelfth century.

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