The olenellid trilobite Holmia cf. mobergi, known from a single cephalon in the upper lower Cambrian strata from a river section in Flagstadelva, Hamar, has played a significant stratigraphic role in interpreting the lower Cambrian informal Series 2, Stage 3 in the Mjøsa area, Norway, since its discovery in the early 1950s. It was considered one of the oldest trilobite taxa in the lower Cambrian of Scandinavia, but the stratigraphic level and biozonation of the cephalon were problematic and a matter of discussion for decades. Moreover, organic-walled microfossil biostratigraphy questioned the supposed age of the trilobite. New specimens of this taxon collected from the type locality show that the species occurs at a different stratigraphic level than first reported, prompting a new description of the species and a re-evaluation of the taxon’s biostratigraphic significance. Holmia cf. mobergi is compared with new and well-preserved topotype material of Holmia inusitata, a very rare taxon hitherto known from one single outcrop in an autochthonous setting in Norway. Holmia cf. mobergi and Holmia inusitata are here considered conspecific.