Obol - Louis I minted for Russia

Louis I of Hungary — known as Louis the Great — briefly held the Polish throne and maintained ambitions across Eastern Europe, but his coinage struck specifically for Russian territories reflects his control over Galicia-Volhynia, annexed by Hungary in the 1340s and retained through much of his reign. These small copper obols circulated in a region that had no stable local coinage tradition of its own at the time, filling a genuine transactional void rather than serving any ceremonial purpose.