DENMARK. Penny, ND (1042-47). Haithabu (Hedeby) Mint. Magnus I, "the Good" (Magnus den gode). NGC Unc Details--Peck Marked.Hauberg-38; Hauberg Collection-728; C. J. Becker, NNUM, 1983, p. 42 ff.; Bruun-1631 (illustrated Plate 6); Weight: 0.61 gms. Moneyer: Iule. Wonderfully toned and detailed with the peckmarks having not the slightest negative influence on the eye-appeal.<p>Whereas the names of both the moneyer and the mint are clearly spelled out (IOLI ON EITHEBI) which is in itself quite extraordinary for this mint, it is particularly the obverse legend that deserves attention. Here, Magnus, who was the son of the famous Norwegian king Olaf Haraldsson (Saint Olaf), apparently and rather provocatively decided to put his Norwegian Royal title: MAHNVS REX NAR (NAR is a common early medieval abbreviation of NORVEGIAE).<p><em>Given the immense historical importance of this issue, it should come as no surprise that it became the second most expensive of 2,921 pre-1500 Danish coins in the 1929 Hauberg auction, only surpassed by a Double Penny from Harthacnut.</em><p><p>From the L. E. Bruun Collection.<p>
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