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Learnings: Alfred's Silver Coins: Difference between revisions
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[[File:DTVA - Silver coin issued by Alfred in London.jpg|thumb|250px|A silver coin issued by Alfred (Aelfred), in London / 9th cent.]] | |||
[[Alfred the Great|Alfred]] needed more and more [[coin]]s to pay the [[Mercenary|mercenaries]] he hired to protect [[Wessex]] and to pay tributes to [[Norse people|Norse]] [[Viking expansion|invaders]]. For reasons that are still not entirely clear, even before he [[Battle of Chippenham|defeated]] the [[Vikings|Viking]] chieftain [[Guthrum]], Alfred decided to make more valuable coins with higher quantities of [[silver]]. | [[Alfred the Great|Alfred]] needed more and more [[coin]]s to pay the [[Mercenary|mercenaries]] he hired to protect [[Wessex]] and to pay tributes to [[Norse people|Norse]] [[Viking expansion|invaders]]. For reasons that are still not entirely clear, even before he [[Battle of Chippenham|defeated]] the [[Vikings|Viking]] chieftain [[Guthrum]], Alfred decided to make more valuable coins with higher quantities of [[silver]]. | ||
The increase in silver might have been Alfred's way of announcing a new era of prospertiy for Wessex. However, a higher silver content also meant a more stable coin economy, as people could rely on the value of coins. The coins also helped to display Alfred's new wealth and power after his victory over Guthrum. | The increase in silver might have been Alfred's way of announcing a new era of prospertiy for Wessex. However, a higher silver content also meant a more stable coin economy, as people could rely on the value of coins. The coins also helped to display Alfred's new wealth and power after his victory over Guthrum. | ||
[[Category:Discovery Tour: Viking Age]] | [[Category:Discovery Tour: Viking Age]] | ||
Latest revision as of 11:22, 6 March 2022
Alfred needed more and more coins to pay the mercenaries he hired to protect Wessex and to pay tributes to Norse invaders. For reasons that are still not entirely clear, even before he defeated the Viking chieftain Guthrum, Alfred decided to make more valuable coins with higher quantities of silver.
The increase in silver might have been Alfred's way of announcing a new era of prospertiy for Wessex. However, a higher silver content also meant a more stable coin economy, as people could rely on the value of coins. The coins also helped to display Alfred's new wealth and power after his victory over Guthrum.