Hvid - John I Malmö mint

John I's hvid from Malmö reflects a reign defined more by military failure than fiscal policy — his catastrophic defeat at Dysart in 1502 against the Swedish regent Svante Sture effectively ended Danish ambitions to reassert control over Sweden for a generation. Malmö, as one of the principal minting towns in Scania, continued striking throughout these turbulent decades regardless.

The hvid denomination itself had been shrinking in silver content since the mid-fifteenth century, a slow debasement driven by chronic underfunding of the Danish crown.