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Norway’s Largest Viking Hoard Uncovered: Over 5,500 Silver Coins from King Olaf the Holy’s Era

Вражаючи знахідки: археологи виявили більше 5,500 срібних монет часів короля Олафа Святого. Photo: НВ — Техно

The Discovery of the Merstad Treasure in Norway

In Norway, archaeologists have uncovered the most extensive Viking-age hoard ever found in the country, known as the Merstad treasure. This remarkable find includes more than 5,500 silver coins, featuring a rare piece bearing the likeness of King Olaf the Holy Haraldsson, who ruled from 1015 to 1028. Fewer than 20 coins minted during his reign are known to exist, making this discovery nationally significant. The treasure was found near the village of Rena in April. Initial estimates suggested around 3,000 coins, but further analysis revealed the total exceeds 5,500.

Features of King Olaf the Holy’s Coin

The coin depicting Olaf the Holy is inscribed with "ONLAF R+ NORMANORV" and shows fine trimming marks, indicating a quality check of the silver. Historian Svein Gullbekk describes it as

“a coin featuring the king’s portrait and a cross, with another cross on the reverse side. It represents a large-scale Christianization effort.”
He further explains,
“King Olaf used these coins as a tool to legitimize the new faith and establish himself as a Christian monarch of European stature. It was a form of branding.”

It is believed that Olaf Haraldsson personally oversaw the coin’s design and may have even held this very coin. Researcher Anna Skogsfjord recalls, “I saw the inscription ONLAF R+ NORMANORV… Was this truly a coin from Olaf Haraldsson’s reign that I was holding? It was indeed! It was a very special moment.” Gullbekk adds, “There’s a real possibility that this exact coin from Merstad was once in the king’s own hand.”

A similarly monumental Viking silver hoard was recently discovered in Denmark, weighing 18.5 kilograms—almost three times heavier than the previous record. Found during garden work near Rebild, the hoard contained around 700 items and fragments, hidden inside a clay vessel dating back to roughly the 10th century. The former largest Viking silver hoard in Denmark weighed about 6.5 kilograms.

These significant finds highlight the cultural and historical importance of the Viking Age, illustrating the profound influence these rulers had on their nations. Discoveries like these can drastically reshape our understanding of the era’s history and economy, while emphasizing the value of material culture in reconstructing the social and political dynamics of the time.

This discovery in Norway adds to a growing list of significant archaeological finds across Europe, including a recent find in Germany where experts uncovered a remarkable collection of Roman silver coins from the era of Emperor Hadrian. Such treasures not only shed light on the past but also highlight the rich history of coinage and its role in ancient societies. To learn more about this fascinating German hoard, visit the details of the Roman silver coin discovery.