Around 995, Olof Skötkonung became the first king to introduce coins as a means of payment in our country. He took English minting as his role model. This first Swedish coin was a silver coin known as a penning. The motif on our first coin was the image of a regent, or rather a symbol of the person who held the power and controlled the coinage.
Coins were marked by important events
Included in these displays were bracteates - small, one sided pennings from the 12th century. In Gustav I Vasa’s time, 1521–1560, coins grew in size and were produced in more denominations. The first gold coin in Sweden, the gyllen, was minted in Erik XIV’s time, 1560–1568.