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Obol - Andrew II

Issuer Hungary
Year 1205-1235
Type Standard circulation coin
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Reverse description A central fortified bastion or gateway motif flanked by two crenellated towers; within the structure, a hoop and a twig or branch are visible, with stylized foliate elements below and small hoops or pellets arranged between the inner and outer border circles, consistent with Árpád-era architectural and decorative symbolism.
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Edge Plain
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Additional information

Andrew II's reign was defined less by monetary policy than by chronic fiscal crisis. To fund his disastrous Fifth Crusade of 1217-1221 and the lavish land grants he handed to his barons — what contemporaries called the "new institutions" — he systematically debased the royal coinage and leased mint operations to foreign financiers, including Jewish and Muslim merchants, a practice that scandalized the Hungarian church and ultimately forced his hand in issuing the Golden Bull of 1222. The obol, as the smallest circulating denomination, bore the brunt of public suspicion during repeated recoinage edicts.

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