Forsaringen, Runic inscription monument in Hälsingland, Sweden
The Forsa Ring consists of an iron ring containing runic inscriptions that detail monetary values and fines in Viking society.
Dating from the 9th or 10th century, the Forsa Ring contains the oldest documented monetary value system found in Scandinavian archaeological records.
The inscription on the ring reveals how Vikings managed their economic transactions through a system of fines payable in either oxen or silver ore.
Research from Stockholm University determined that one ox equaled two öre of silver, equivalent to approximately 100,000 Swedish kronor in modern currency.
The ring inscription specifies increasing penalties for repeated offenses, with fines doubling from one ox to two oxen, and finally to four oxen.
GPS coordinates: 61.73419,16.93914
Latest update: March 3, 2025 21:19
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