171, Lot: 415. Estimate $100. Sold for $62. This amount does not include the buyer’s fee.

GERMANY, Saxony. Circa 1100-1105. AR Pfenning (15mm, 1.17 g). Banner and open hand / Cross with pellets and crozier. Gumowski 62; Dannenberg 2182. VF, weak strike. Raised rims of the Randpfennig type. Possibly struck at Halle-Giebichenstein.

The early pfennige of Saxony have seen a number of different attributions over the years. Some were known as “wendenpfennige” from the native Slavic peoples of the eastern Germany and Pomerania and others as “randpfennige” (rim pfennigs) from their up-raised edges and attributed to the early Polish bishoprics and kingdoms. More recent studies have concluded they were civic issues of various eastern cities, with places such as Bremen, Halle-Giebichenstein, Meissen, Merseberg, Naumburg being cited as points of origin.