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There is runic graffiti on another coin from the Hermitage collection, St. Petersburg. The location where this Arabic dinar was found is unknown. The diameter of the coin is 19 mm, weight 4.23 gram, and the date of mintage is 701 / 702 year A.D.
The gold coin bears a runic inscription in which the first three runes are clearly readable:
kut
The fourth symbol could be interpreted as the "r" rune without the vertical line. (There are examples of such drawn on the Sparlösa stone, Sweden and in the Old Ladoga I inscription.) Alternately, it could be the "s" rune.
If the last rune is "r", which is more likely, the inscription should be interpreted as gótr or gautr. That could be translated as "man, warrior". In runic inscriptions, kutr or kautr was usually the second part of personal name (for example: Asgótr, Asgautr, Wigótr, Wigautr), although the name Gautr was found in some Swedish runic inscriptions (for example, "kaus" - Upplands runinskrifter, 617).
The second possible interpretation is that the word Gautr is the well known by-name of Oðinn. If the last rune is "r", then the word is in the nominative case. If the fourth rune is "s" (kuts), then the word has the genitive case, i.e. "Gautr's, belonging to Gautr (Oðinn). In that case this coin was probably from a hoard sacrificed to Oðinn.
Another translation based on Linder Welin's report (in his article "Graffiti on Oriental coins in Swedish Viking age hoards") that if the second rune in the inscription is the long "ó" and the last one is "s", then it is possible to read the graffiti as góts (Old Norse - "góz", Old Swedish - "gods, gots, gozt") - "property, tenure".
Mvlti svnt vocati, pavci vero electi
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