Silver penny issued by Cnut
Cnut became the first Danish king of England in 1016 after a short contest with Edmund Ironside, Aethelred II's son. England prospered, being no longer subjected to continuous invading hosts, with only a small force of Danish troops being retained for the protection of the king. The coinage shows continuity with that of the previous reign. The obverse of this coin bears a crowned bust and the inscription +CNUTR.EXANGLORUM ('Cnut, King of the English') and on the reverse +SAEWINEO.NWINCSTR ('Saewine of Winchester') showing it to have been struck by the moneyer Saewine in Winchester.