Norway’s First Coin

Currency has been around for quite some time, but in the cold northern European countries it took some time to arrive. In truth, everything from the south took long enough to reach the north and vice versa.

In the year of 995, of the Common Era, when Olav Tryggvason became King of Norway (some call him Viking King but that isn't the correct title), silver coins changed their appearance and the king's own name started to be carved in coins. "Onlaf Rex Nor", meaning "Olav, King of the Norwegians", this started to be printed in coins. Of course coins were not something invented by Tryggvason, particular these coins with religious (christian) motifs.

During Tryggvason's time, Ethelred II was the king of England. Viking raids were still common, but things were changing, and not only landlords and nobles were going "viking", but also kings. Raiding became a great source of income to the northern peoples of Europe, which arose their economy imensily. Raiding was also to show one's power and right to rule, so above everything else, raiding was the legitimate claim to govern. So king Ethelred II had to face both the armies of King Olav Tryggvason and King Svend Tveskæg of Denmark. Suffice to say that the king of Englad had to pay a large amount of money to sue for peace. In the spring of the year of 995, Olav Tryggvason returned home with a great amount of Anglo-Saxon Crux coins in his luggage; a lot of coins already with the christian motifs well printed, marking the faith of those people.

Olaf/Olav Tryggvason was King of Norway from 995 to 1000 A.D.. Olav was the major "character" in the conversion of the Norse to the new faith (Christianity). He is known for this and somehow exalted by historians for being the key to the converstion of the northern pagans into christianity. However, such conversion was brutal, horrible even, with many gruesome accounts of torture and the most abominable, enduring and painful ways to kill in the name of religion and forceble convertion. Nonetheless, he was the reason for the first christian coins in Norway, and probably the introduction of hard currency, because before that cattle was the measurament of wealth.