[personal profile] archerships
From The Vikings and Money in England by Roy Davies:

"...Instead of fighting the invaders, some English kings preferred to pay the Vikings to leave them in peace. These payments were called 'Danegeld' (meaning 'Dane debt' or Dane payment). The Vikings collected tribute in other countries too. In Ireland in the 9th century they imposed a tax and slit the noses of anyone unwilling or unable to pay, and that is the origin of the English phrase 'to pay through the nose' meaning to pay an excessive price...."