Obol - Vladislaus I

Vladislaus I — Władysław III of Poland ruling Hungary as a dual monarch — died at Varna in November 1444, cut down during the disastrous crusade against the Ottomans he had been persuaded to launch despite a recently signed truce. He was twenty years old. Coins struck in his name circulated in a kingdom that would spend the next three years without a confirmed king, the interregnum resolved only when János Hunyadi finally accepted Matthias Corvinus's eventual succession.

The billon content of this issue reflects Hungary's chronic silver shortages of the 1440s, a problem Hunyadi's regency would struggle to address for years after Varna.