Örtug

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Medieval Hanseatic Visby (Gotland)

Örtug (ortig, german Artig) - Swedish silver coin beats from the 2nd half. XIV century and was in circulation almost until the end of the 18th century.

The first örtugi was erected in 1370 during the reign of Albrecht Mecklenburg to replace the deprecated feniga. The coin weighed about 1.3 grams and contained about 1.05 grams of pure ore at a 13-pound silver test (13/16 = 812½ ‰). Örtug was worth 1/24 of a brand or 8 pence and in the fifteenth century it was approximately equal to the Polish penny. Over time, he was devalued: during the reign of Erik Pomorski (1412-1439) he contained 0.88 g of silver, Christ I (1457-1464) - 0.7 g, and in 1534 - only 0.54 g of silver. / p>

During the reign of Gustav Vasa (1523-1560), as a result of the reform of the monetary system, örtug counted 12 phenomena and accounted for 1/16 of the brand. The issue of this coin ceased after the reform in 1776.

Based on this coin, there was a denomination called artigium, and it has been operating in Livonia since the 14th / 15th centuries, equal to 3 Ligurian philosophies. After the penitentiary reform of the years 1422-26, a new artig (equal to 3 olds) was introduced, which, to distinguish it, was called shilling. Bibliography

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