"[1] In recent years, the growth of the metal detecting hobby has allowed many more individual coins not in hoards to be discovered, helping to guide current research.
[2] Early in the 5th century, when Britannia, broadly comprising what is now England and Wales, ceased to be a province of the Roman Empire, the production of coinage effectively came to an end and a non-monetary economy developed.
During the 5th century, Anglo-Saxon tribal groups from continental Europe migrated to central and southern Britain, introducing their own language, polytheistic religion and culture.
Although gold coins from continental Europe were traded into Anglo-Saxon England at Kent, they were initially used for decorative purposes, only beginning to be used as money in the early part of the 7th century.
[8] These sceattas were also produced in England, as well as in Germanic continental areas of the North Sea coast, from about 680 to 750, bearing designs which featured a wide range of iconography.
In about 675 the gold shilling was superseded by the silver penning, or penny, amongst the Anglo-Saxons, and this would remain the principal English monetary denomination until the mid-14th century, during the Late Medieval period.