Monetary Practices in Early Medieval Western Scandinavia (5th–10th Centuries ad)

Abstract

A SOCIAL APPROACH TO MONETISATION shifts the attention from the classic money media — gold and silver — to the dissemination of two social practices: valuing and paying. When these two monetary practices first became widespread in western Scandinavia during the gold rich migration period (in the 5th to 6th centuries ad), they were not introduced in the sphere of trade, but instead were features of traditional or customary payments, such as weregeld (atonements for murder or offences against the person) or marriage dowries. By the Viking Age, in the late 8th to 10th centuries ad, despite flourishing commodity production, precious metals were used as payment in trade solely in towns. Even in towns, this commercial use seems to have been adopted late, and was employed only occasionally. This paper reviews the changing approaches to money and monetisation, and draws attention to the potential for regarding monetisation as the spread of a set of social practices.