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Viking coinage was used during the Viking Age of northern Europe.Prior to the usage and minting of coins, the Viking economy was predominantly a bullion economy, where the weight and size of a particular metal is used as a method of evaluating value, as opposed to the value being determined by the specific type of coin.
Danegeld (/ ˈ d eɪ n ɡ ɛ l d /; [1] "Danish tax", literally "Dane yield" or tribute) was a tax raised to pay tribute or protection money to the Viking raiders to save a land from being ravaged. It was called the geld or gafol in eleventh-century sources.
The mixed Viking Cuerdale Hoard, deposited in England before c. 910, also contains 8,600 coins, as well as these ingots and pieces of jewellery and plate. Hacksilver from the medieval period, Museum für Hamburgische Geschichte, Hamburg, Germany. Viking age settlement, eighth to eleventh centuries; trade and raid routes are marked green.
The Vikings developed several trading centres both in Scandinavia and abroad as well as a series of long-distance trading routes during the Viking Age (c. 8th Century AD to 11th Century AD). Viking trading centres and trade routes would bring tremendous wealth and plenty of exotic goods such as Arab coins, Chinese silks, and Indian Gems.
In 1966 the numismatist M. Banks suggested that the hoard was not even buried by Vikings, although it was Viking treasure, or much of it was. [6] Banks suggested that the Cuerdale Hoard might have been a gift to English churches suffering persecution in the areas called the Danelaw that were occupied by pagan Vikings.
The compound noun weregild means "remuneration for a man", from Proto-Germanic *wira-"man, human" and *geld-a-"retaliation, remuneration". [2] In the south Germanic area, this is the most common term used to mean "payment for killing a man" (Old High German werigelt, Langobardic wergelt, Old English wer(e)gild), whereas in the North Germanic area, the more common term is Old Norse mangæld ...
The Spillings Hoard is the world's largest Viking silver treasure. [13] A finder's fee of SEK 2,091,672 (approx. US$242,400) was paid to the landowner for the treasure, although the real value of it is much higher.
The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007. [ 1 ] The Norwegian krone is also informally accepted in many shops in Sweden and Finland that are close to the Norwegian border, and also in some shops in the Danish ferry ports of Hirtshals and Frederikshavn .