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Huszár 846, Pohl 258-2, Unger 675e, Réthy II 308A, dated 1522
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Hungary. Louis II (Lajos II in Hun.) (1516-1526). AR denar, 16 mm.
Obv: 1522, with rosettes on either side of date, above four-part shield with Hungarian arms (Árpádian stripes, patriarchal cross, Dalmatian leopard heads, Bohemian lion), Polish eagle in escutcheon, rosette between two pellets on sides of shield.
Rev: Crowned Madonna with infant Jesus to her right, L—K (privy mark) in fields.
The type was struck 1521-1525 (per Huszár & Unger) or 1521-1526 (per Pohl). This privy mark was struck in Kremnitz (formerly Körmöcbánya, Hungary, now Kremnica, Slovakia) (per Pohl).
This type was an inflationary currency that was referred to by contemporaries as “moneta nova.” On average, 400 denars, each weighing 0.49 g., were struck form Ofner mark of silver with a fineness of 0,250 (per Huszár). They were officially valued at ½ a denar, but the public did not accept them at this overvalued rate (per Huszár & Pohl).
Huszár/Pohl rarity rating 4.
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