By 2021, traces of a high-medieval settlement were identified in the vicinity of Ternopil’. Finds included an ingot of bronze-lead alloy and a hoard of forty-one coins, spread over a small area. All the coins come from twelfth century Italy: forty from Lucca and one from Genoa. This discovery is particularly remarkable in context of coin finds from Halych Ruthenia. Recent finds revealed a minor influx of coins from the west during the twelfth century — the presence of Polish coins among them suggests that their path ran through Poland. On the other hand, the Ternopil’ hoard has no analogies in Poland and points to closer contacts with Italy, through Pannonia or, perhaps, through the Black Sea. In this paper, we will examine this phenomenon more closely, describing the circumstances and the essence of these contacts.