Year 1319 

Norway's first monetary union 

In 1319 Magnus Eriksson became the ruler of Norway. Later in the same year he became king of Sweden. From then on, fewer coins were minted in Norway as the use of foreign coins, and particularly Swedish coins, became widespread. Swedish and Norwegian coins were declared to be of equal value, with one mark of valid Swedish coins being equal in value to one mark of valid Norwegian coins. This was Norway's first monetary union. 

All coins, those with design on both sides as well as the single-sided bracteates, were devoid of inscriptions, making it difficult to distinguish the Norwegian coins from the Swedish.