Rare type of denar under Sigismund von Luxembourg with m above shield.
Nice sharp details and toning.

Huszár 576, Pohl 117-16, Unger 449, Réthy II 121, Frynas H.27.4
Hungary. Sigismund (Zsigmond, in Hun.) of Luxembourg (1387-1437; Holy Roman Emperor 1433-1437).

AR denar, 49 g., 14.16 mm. max., 90°

Obv: mOn SIG-ISmVnDI, Patriarchal cross, n in lowest right corner.

Rev: + • REGIS VnGARIE ETC •, Four-part shield (Árpádian stripes and Brandenburg eagle), m above shield.

The type was struck in 1390-1427. This privy mark was struck in 1399-1405 in Nagybánya (now Baia Mare, Romania) by Marcus of Nurenberg, oberkammergraf.
Huszár/Pohl rarity rating 4. Unrecorded variety (no pellet between words on obverse; pellets with style of A on reverse).

This emission was struck with a fineness of 0.582 silver and an average weight of 0.51 g. (per Huszár). However, Engel notes that in 1390 Sigismund was able to temporarily restore the stability of the denar by the issuance of this new emission, which was referred to as nova moneta. For thirteen years the value of the denar remained stable, and 100 were the equivalent of the aranyforint. In 1403 debasement occurred, and 130 were the equivalent of the aranyforint. The debasements continued, so that by 1406 the price of an aranyforint was 160 denars, it was 200 in 1421, 225 in 1423 and 320 in 1426.


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