Sterling - Arnold V Name and title reverse

Arnold V ruled Loon during a period when the English long cross penny — the "sterling" — had so thoroughly dominated commercial exchange across the Low Countries that regional lords minted direct imitations simply to participate in trade on equal footing with English coin. The County of Loon, a small territory in what is now Belgian Limburg, was absorbed into the Prince-Bishopric of Liège shortly after Arnold V's death in 1323, ending its independent coinage entirely.