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The Cash Box - coins stamped here
Swealand Coin Minters
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Photobucket Photobucket Penning. Olof Skötkonung 994 - 1022 e Kr. Sigtuna ca 995.

Much of the coinage found in Svealand before the ninth century was of Roman origin. It was most likely used in exchange for local goods such as amber, fur, iron and dry goods. Roman coinage was rare enough that it would have been treated as treasure rather than a form of currency. Islamic currency was popular during the ninth century and was brought into Svealand by the Svear Vikings who dominated the trade routes of eastern Europe, Russia and the Middle East. By the tenth century Islamic currency began to diminish and the first Swedish coinage begun to appear around 995 when King Olaf Skötkonung brought Anglo Saxon moneyers to strike coinage for him in Sigtuna. The coinage was interrupted for a time and restarted under King Olaf Skötkonung's son Anund Jakob around 1022. The first Svea coinage was copied from the Crux penny of Ethelred II. These first issues were small. The coinage was halted once again only to resume about 1150. During the time that minting had halted in Svealand the bulk of currency used was foreign issue and many payments were made with uncoinced precious metal in the form of jewelry and ingots. In the twelfth century the minting of two varieties of penningar, one type was of silver very tiny and thin with an image on each side probably minted in Gotland or Kalmar. The other type was a bracteate(flat, thin, single-sided silver)coin which was probably minted at Uppsala and Lodose. This later coin became the dominate currency during the reign of King Knut Eriksson(1167-96). Usual designs found on Swedish currency during this time were a crown, animal, sword, crowned head or a monogram and occassionally the name of the mint or king's name under whose issue it had been struck. Sweden returned to the use of the two sided coin around 1300 using only the penning. The penning was soon to decline in value and a higher denomination (the ortug= four penning)was struck under Albrecht of Mecklenburg. The ortug carried the kings head on one side and a cross on the other. This was changed under Erik of Pomerania who introduced the shield of Sweden with its three crowns. Under Sren Strue the Elder(1470-97) the fyrk = 1/2 ortug was introduced. In 1478 the first dated Swedish coins were produced.

Sources:

Joe Cribb, Barrie Cook, Ian Carradice,The Coin Atlas, The World of Coinage from Its Origins until Present Day, MacDonald and Company Publishers New York 1990


Background by Samarkande Bahktiari


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