Obol - Andrew II

Andrew II's reign was defined less by monetary policy than by the 1222 Golden Bull — Hungary's equivalent of Magna Carta, wrested from him by rebellious nobles who had grown furious at his habit of alienating royal estates and debasing the coinage. The obols of this period circulated through an economy increasingly strained by Andrew's catastrophically expensive Crusade of 1217, which drained the treasury and accelerated the silver debasement that made later issues of this type progressively lighter.