Silver penny of William the Conqueror
The Norman Conquest did not produce any immediate change in the monetary system of England. The silver penny continued to be the only current coin and it remained so until the end of the reign of Henry III (1216-1272). William I's early coinage resembled that of the later Anglo-Saxon kings. The most remarkable change occurs in the king's bust, which is generally represented full-face holding a sceptre, as on this coin struck by 'Liofwold of Winchester'. This style soon supersedes the profile bust.