The flow of Islamic silver through Russia …

Years: 974 - 974

The flow of Islamic silver through Russia to Scandinavia had dried up at the exhaustion of the Muslim’s world’s silver mines in about 965, prompting the Scandinavians to seek new sources of silver—the main fuel of the Scandinavian economy for the last century—through raiding in the west.

Hedeby, the largest Nordic city during the Viking Age and the oldest city in Denmark, had developed as a trading center at the head of a narrow, navigable inlet known today as the Schlei which connects to the Baltic Sea. With no silver to coin, the mint at Hedeby had sonn ceased operations.

The location of Hedeby is favored because there is a short portage of less than fifteen kilometers to the Treene River which flows into the Eider with its North Sea estuary, making a convenient place where goods and Viking ships can be ported overland for an almost uninterrupted seaway between the Baltic and the North Sea and avoiding a dangerous circumnavigation.

The Saxons in 974 take Hedeby from the Danes.

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