Norwegian coin from 1280-85, made in Bergen. (Photo: Svein
This claim is based on research on coin circulation in Norwegian society in
the years between 1050 to 1320. In this period the use of coins was widespread
and frequent, according to historian Svein Gullbekk at the University of Oslo.
His study, The velocity of circulation of Norwegian coins c. 1050 to c.
1320 was recently published in a history periodical.
“This debate has been going on for 10 to 15 years,” says Svein Gullbekk. “The
main question has been if goods were paid for by coins or commodities.”