1 Penning

Struck under Olav Kyrre, whose long and unusually peaceful reign allowed Norwegian coinage to stabilize after decades of dynastic violence. These thin silver pennies — the dominant transaction medium of eleventh-century Scandinavia — circulated far beyond Norway's borders, turning up in hoards across the Baltic and into Russia along the Varangian trade routes. Skaare 23 represents one of the better-documented types from this reign, though die-link studies remain incomplete and attribution of individual pieces to specific minting locations is still contested among specialists.