Vikings

Vikings

878-954 AD


Monetary System

The monetary system employed by the Vikings within England was based upon the European silver penny first introduced to Europe as the silver “denier” in France by Pepin in 755 AD (house of Charlemagne). We find that this new restoration of the old Roman denarius quickly spread throughout Europe and England was no exception. The English translation for “denier” was “penny” and this new silver coin was most likely first issued in England by Offa, King of Mercia (757-796). Within a few years, silver pennies were being struck by the Kings of Kent, the Archbishops of Canterbury and eventually by the Kings of East Anglia. The Danish invasion also adopted this monetary unit and the coinage which they struck also complied with the silver penny. This new denomination would become the cornerstone of the English monetary system for the next 500 years and remain as the base unit of account even into modern times. The silver half-pence appears around 871 AD in southern England.

Vikings

Aethelstan II (878-890)

AR Penny

Aethelred I (c 870)

AR Penny

Alfred

AR Penny

Alfred/Plegmund

AR Penny

Earl Sihtric

AR Penny

Siefred

AR Penny

Cnut

AR Penny

Regnald

AR Penny

Sihtric

AR Penny

Anlaf Guthfrithsson (939-941)

AR Penny

Olaf Guthfrithsson

AR Penny

Olaf Sihtricsson (941-944)

AR Penny

Regnald Guthfrithsson (943-944)

AR Penny

Sihtric Sihtricsson (942)

AR Penny

Eric Blood-axe (948)

AR Penny

Olaf Sihtricsson (948-952) second reign

AR Penny

Eric Blood-axe (952-954) second reign

AR Penny


The Monetary History of the World
© Martin A. Armstrong