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This is a Saxon silver penny of King Æthelred II, minted at London by the moneyer PVLISTAN. It is a nice bold and well-struck example, though has flan crack and a few peck marks from circulation in Viking held territory. Vast quantities of these silver pennies were minted to pay the Danegeld after the Battle of Maldon in 991 A.D. The first tribute was almost 10,000 Roman pounds (3,300 kg) of silver paid to the forces of Olav Tryggvason. The silver taken in raiding was used alongside Arabic Dirhams, mostly melted down into bars and hack-silver. This is a nice example of some the earliest coins to circulate as currency amongst the Vikings.
CULTURE: Saxon England
DATE: 978 - 1013 A.D.
SIZE: 21.32mm dia
WEIGHT: 1.52 grams
ATTRIBUTION: SPINK 1148
PROVENANCE: Ex. Private Collection, Ex. Baldwins St. James