In the Middle Ages, tens of thousands types of uni-faced bracteate coins were struck in the period 1140−1520. The existence of hundreds of small independent currency areas with their own mints in central, eastern, and northern Europe and the strong link between bracteates and periodic re-coinage explain the large number of bracteate types. The classification and dating of coins can provide insight into economic and monetary development when studying coin hoards and cumulative finds. A central problem when classifying bracteates is that most of them are anonymous, i.e., there are seldom any legends or letters. However, bracteates struck in closely located mints almost always have the same regional monetary standard. In this study, I show how monetary standards in combination with social attributes can be used to classify bracteates when both legends and find information are lacking. I also provide an economic explanation why closely related mints voluntary joined a specific monetary standard.

Leaf-thin bracteate coins were minted for several hundred years during the Middle Ages. The existence of hundreds of small independent currency areas with their own mints in central, eastern and northern Europe and the strong link between bracteates and periodic recoinage explain the large number of bracteate types. A special minting technology linked to goldsmithing technology was required to produce the bracteates. A soft material was placed under a flan, and the motif was created by bending the flan rather than pressing the motif into the flan. This study analyzes how bracteate technology could save costs in the minting procedure compared to traditional coinage technology. The bending characteristic of the bracteates together with the flat hammering of old bracteates imply that the size of the flan remained almost unchanged after recurrent overstrikes. Thus, the bracteate technology saved one of the costliest steps in the minting procedure: the time-consuming production of the flan. In contrast, overstriking of biface coins using the traditional coin technology could only be performed a few times, since it caused a stepwise thinner and larger flan. The latter phenomenon explains the existence of biface half-bracteates.