The Hiberno-Norse coinage is the first locally produced coinage in Ireland. The types are modeled quite closely to the coins of Aethelred II, the King of all England from 978-1016 AD so roughly the same time period. The coins were not meant to be a contemporary imitation of Aethelred’s coinage, but rather a type that would be recognized by the northern European traders and accepted as good payment. 

The coinage was important until after the Battle of Clontarf in 1014 when the Irish people considered them independent from any foreign powers. The Norse powers tended to use the coinage more than the Irish and therefore the coinage became less important to the daily lives of the communities.

There were seven phases of the Hibero-Norse coinage until it finally died out completely in 1150. In 1169/70 the area was overtaken by the Normans, who were Norse Vikings that had settled in the area of Normandy in France.