CVC & Collectables presents this medieval Milan Denaro, dated broadly to 1039-1125, was issued under one of three rulers named Enrico (Henry III, IV, or V) during the era of the Holy Roman Empire. Struck in silver at Milan, this small hand-struck coin represents the monetary system of northern Italy nearly a thousand years ago. This remarkably preserved example has been certified NGC AU55.
Coin Highlights:
- Region: Medieval Italy
- Mint: Milan
- Date Range: 1039-1125
- Denomination: Denaro
- Ruler: Enrico III, IV, or V
- Authority: Holy Roman Empire
- Composition: Silver
- Manufacture: Hammered
- Grade: NGC AU55
- Obverse: Stylized central cross surrounded by a circular medieval inscription.
- Reverse: Central monogram/device enclosed by a circular border and surrounding legend.
- Certification: Professionally authenticated and graded AU55 by NGC.
Design & Devices
The coin displays the compact and highly stylized designs typical of medieval European denari. A central cross forms a prominent element of the design, while abbreviated legends and geometric devices surround the central motifs.
Each coin was individually struck by hand, producing natural variations in centering, flan shape, and completeness of the legends. The surviving detail on this example is especially notable given its considerable age.
Historical Significance
The 1039-1125 attribution spans the reigns of Henry III, Henry IV, and Henry V, rulers of the Salian dynasty who held authority within the Holy Roman Empire. Milan was one of northern Italy’s most important medieval cities and a major political, religious, and commercial center.
The period was marked by significant conflict between imperial and ecclesiastical authority, particularly during the Investiture Controversy of the 11th and early 12th centuries. Milan itself played an important role in the complex political landscape of medieval northern Italy.
Collectibility
Medieval Milanese denari provide collectors with a tangible connection to the Holy Roman Empire and the economic history of medieval Italy. Certified NGC AU55, this example retains impressive detail for a hand-struck silver coin dating back approximately nine centuries. Find more alike here!






