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Huszár 575, Pohl 116, Unger 448, Réthy II 120, Frynas H.27.3
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Hungary. Sigismund/Zsigmund of Luxembourg (1387-1437; Holy Roman Emperor 1433-1437)
AR denar; .53 g., 13.63 mm. max., 0°
Obv: + MOnET SIGISMVnDI, Patriarchal cross.
Rev: + • REGIS • VnGARIE, Four-part shield (Árpádian stripes and Brandenburg eagle).
The type was struck in 1387-1389 (per Pohl, Huszár, Unger & Frynas) in Buda (now Budapest) by Onofrio Bardi (per Pohl & Huszár).
Huszár/Pohl rarity 6; Unger rarity 30; Frynas rarity S. The descriptions of the reverse legend vary amongst the references. This coin comports with Huszár/Pohl, Unger and Réthy and differs from Frynas, in that the legend does not terminate with “etc.” This coin differs from Huszár/Pohl in that there are only two pellets (not three) in the legend, and differs from Unger and Réthy (and Frynas) in which there are no pellets in the legend.
This type was disparagingly called a “bardus” (stupid, slow or dull, in Latin) by contemporaries, and remained in circulation until 1427. It was struck with a nominal fineness of 0.582 silver and an average weight of 0.51 g. (per Huszár). However, Engel notes that early in the reign of Sigismund, the process of devaluation of the denar, which had begun under Louis I (1342-1382), continued at an accelerating rate, and “collapse[d].” Thus, while 240 denars were the equivalent of an aranyforint in 1386, by 1390 300 denars were the aranyforint’s equivalent.
“Owing to inner strife and disordered general conditions, the coins [of this period] were usually minted with extremely low precious metal content; moreover, poor mintages were often struck with negligently engraved dies. As a result of the hurried, superficial minting, it was sometimes doubtful whether a faulty coin had been issued officially, or was a forgery” (Huszár 1963, at 15).
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