SWEDEN. Olof Skötkonung (the Treasurer). 995–1022. AR Penny (20mm, 1.54 g, 1h). Sigtuna mint; Snelling, moneyer. Struck 995-1000/5. + OL·ΛF RX OИ ZTΠ(ИE), draped bust of Olof left; scepter to left / + ZИELL·IИE ME PROF, voided short cross; C R V X in angles. SMH 5 (same dies); Malmer, Sigtuna single, dies 3.72; Person Group III, type Ab; Lagerqvist 3. Toned, slightly ragged edge. VF. Very rare, especially so with bust left.
From the Sidney W. Harl & Kenneth W. Harl Collection, purchased from J. Linzalone, 16 October 2013.
This imitative coin is likely the first issue in the name of King Olof Skötkonung, because so many English pennies of the Crux and Long Cross types arrived in Scandinavia in hands of warriors serving the Danish King Svein Forkbeard, who had obtained the coins as booty or payments of Danegeld.