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Örtug or ortig (Finnish: ''äyrityinen'', ''aurto'' or ''aurtua'') was a medieval currency unit in
The History of the Swedish Monetary System''Myntkabinettet'', Swedish Royal Monetary Academy (in Swedish)
*
Historia szwedzkiego systemu monetarnego
{{DEFAULTSORT:Ortug Currencies of Sweden Economic history of Sweden Medieval Sweden Currencies of Europe Modern obsolete currencies
Örtug or ortig (Finnish: ''äyrityinen'', ''aurto'' or ''aurtua'') was a medieval currency unit in Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...
. It was originally minted as a silver coin in 1370 during the reign of king Albert of Sweden. The coin weighed about 1.3 grams and consisted of 81% silver. As time passed, the örtug was debased: during the reign of Eric of Pomerania, the örtug contained 0.88 grams of silver; under Christian I, 0.7 grams; and in 1534 only 0.54 grams of silver.
During the reign of Gustav Vasa (1523–1560), the monetary system of Sweden was reformed: an örtug was now subdivided into 12 pennings, not 8 as before, while still valued as one third of an öre.
Örtug coins were struck during the years 1523–1534; 1535–1540 in Stockholm
Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...
; 1528–1531 in Västerås and 1589–1589 in Stockholm and Uppsala. Production ceased after another monetary reform in 1776.
The örtug is also used as the official name of the currency in the artist Lars Vilks' micronation of Ladonia.
See also
* Swedish penning * Mark (money) * Öre * Ladonia (micronation)References
The History of the Swedish Monetary System
*
Nordisk Familjebok
''Nordisk familjebok'' (, "Nordic Family Book") is a Swedish encyclopedia that was published in print from between 1876 and 1993, and that is now fully available in digital form via Project Runeberg at Linköping University. Despite their consi ...
* Zbigniew Żabiński, ''Rozwój systemów pieniężnych w Europie zachodniej i północnej'' (''Development of monetary systems in western and northern Europe''), Zakład Narodowy Imienia Ossolińskich - Wydawnictwo, Wrocław 1989,
External links
Historia szwedzkiego systemu monetarnego
{{DEFAULTSORT:Ortug Currencies of Sweden Economic history of Sweden Medieval Sweden Currencies of Europe Modern obsolete currencies