1/3 Groat - Margaret II of Avesnes

Margaret II ruled Hainaut, Holland, and Zeeland simultaneously, a consolidation that made her one of the most territorially powerful rulers in the Low Countries during the mid-fourteenth century. Her coinage reflects the intense monetary competition of the region — Flemish, Brabantine, and imperial mints were all striking fractional silver in this period, forcing Hainaut to keep pace with denominations small enough for daily commerce.

The groat fractions of her reign are notably rare in surviving hoards, suggesting limited production runs or aggressive recycling by later mints.