The Salian dynasty or of Franconia (1024-1125)
Henry V (1106-1125)
Denaro scodellato (in the name of Emperor Henry). Milan Republic, AR 0.70 g. MEDIOLANV Cross. Rev. + IMPERATOR In field HE (ligatured) / RIC / N In field, wedge from dotted border; before, HE. CNI 2. Murari 1981 18.Extremely fine
This is a denaro terzolo issued from around 1148, when such denari are first mentioned in written documents; the term ‘terzolo’ apparently refers to the alloy, meaning that it contained one third silver (cf. Matzke and Diaz Tabernero 2004; more bibliography in Zecche 2011, p. 873, but 1248 error for 1148).