Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Selection of old Spanish (!) coins, some counter-marked. More info?
>
Reply to Thread
Message:
<p>[QUOTE="Bardolph, post: 7886901, member: 96174"]For what it's worth, here are my thoughts on these coins.</p><p><br /></p><p>The first coin is a 4 maravedis which has been officially counterstamped to raise its value to 8. From 1603 to 1659, there were six series of counterstamping the copper coinage in order to increase their value and thus raise revenue:</p><p><br /></p><p>1603: the 2 & 4 maravedis have their value tripled</p><p><br /></p><p>1636: the pure copper maravedis (not the billon ones) also have their value tripled</p><p><br /></p><p>1641-42: the 2, 4 and 8 maravedis are increased in value to 6,8 and 12</p><p><br /></p><p>1651-52: the 1 and 2 maravedis are quadrupled in value</p><p><br /></p><p>1654-53: the 4 maravedis are doubled to 8</p><p><br /></p><p>1658-59: as there were practically no 2 maravedis left in circulation, a new, tiny 2 maravedi was issued. This coin is now one of the rarest Spanish coins, even those of gold and silver coins. Within a very short time of its issue, however, all 1 and 2 maravedis were counterstamped to double their value.</p><p><br /></p><p>The second coin is not a maravedi, but a 2 cuartos billon coin (i.e two quarters or half a real) of Felipe II, minted between 1566 and 1591. This is clearly shown by the dotted inner circle on the obverse and reverse, which is never found on maravedis. (Ignore Numista where these are incorrectly labelled as 2 maravedis. Google “2 cuartos Felipe II” to see the real thing).</p><p><br /></p><p>The third coin is a two maravedis from Burgos, of pure copper, minted between 1602 – 1621 (reign of Felipe III) or Felipe IV from 1621 to 1626 when the design changed (no shield).</p><p><br /></p><p>Numbers four and six are four maravedis which were counterstamped to increase their values. Spain in this period was engaged in expensive and prolonged wars (the 30-Years War) and was practically bankrupt, in spite of Peruvian silver. Its soldiers were paid in maravedis so taking in maravedis and restamping them to twice their previous face value was an effective but unpopular way of halving the cost of its armies and paying small debtors. Counterstamping to raise the nominal value of the coin could only be done with copper and billon coins as Spanish silver was the international money of the day and could not be treated in such a cavalier fashion.</p><p><br /></p><p>Number five is a maravedi, but too worn for ID purposes.</p><p><br /></p><p>And finally, two points. First, no Spanish coin of the period featured a bull. It is most certainly a lion which appears on many maravedis and whose dies were designed by somebody who could recognize a bull when he saw one, and draw one, but who probably had never seen a lion in the flesh. (There are of course Iberian pre-Roman coins with bulls, but none in modern times).</p><p><br /></p><p>Secondly, I may be wrong, but I cannot recall any maravedis being produced in the overseas Spanish mints- the ones for Santo Domingo were actually minted in Seville. It wouldn’t make much economic sense to take up time in mints such as Lima, Potosi, Mexico etc to mint small value coins, which of course is why the colonial mints generally produced the larger 8 and 4 reales for shipment back to Spain, or ingots of silver if the mints were working flat out.</p><p><br /></p><p>As far as I am aware, maravedis were shipped out as ballast on the ships sailing to the New World.[/QUOTE]</p><p><br /></p>
[QUOTE="Bardolph, post: 7886901, member: 96174"]For what it's worth, here are my thoughts on these coins. The first coin is a 4 maravedis which has been officially counterstamped to raise its value to 8. From 1603 to 1659, there were six series of counterstamping the copper coinage in order to increase their value and thus raise revenue: 1603: the 2 & 4 maravedis have their value tripled 1636: the pure copper maravedis (not the billon ones) also have their value tripled 1641-42: the 2, 4 and 8 maravedis are increased in value to 6,8 and 12 1651-52: the 1 and 2 maravedis are quadrupled in value 1654-53: the 4 maravedis are doubled to 8 1658-59: as there were practically no 2 maravedis left in circulation, a new, tiny 2 maravedi was issued. This coin is now one of the rarest Spanish coins, even those of gold and silver coins. Within a very short time of its issue, however, all 1 and 2 maravedis were counterstamped to double their value. The second coin is not a maravedi, but a 2 cuartos billon coin (i.e two quarters or half a real) of Felipe II, minted between 1566 and 1591. This is clearly shown by the dotted inner circle on the obverse and reverse, which is never found on maravedis. (Ignore Numista where these are incorrectly labelled as 2 maravedis. Google “2 cuartos Felipe II” to see the real thing). The third coin is a two maravedis from Burgos, of pure copper, minted between 1602 – 1621 (reign of Felipe III) or Felipe IV from 1621 to 1626 when the design changed (no shield). Numbers four and six are four maravedis which were counterstamped to increase their values. Spain in this period was engaged in expensive and prolonged wars (the 30-Years War) and was practically bankrupt, in spite of Peruvian silver. Its soldiers were paid in maravedis so taking in maravedis and restamping them to twice their previous face value was an effective but unpopular way of halving the cost of its armies and paying small debtors. Counterstamping to raise the nominal value of the coin could only be done with copper and billon coins as Spanish silver was the international money of the day and could not be treated in such a cavalier fashion. Number five is a maravedi, but too worn for ID purposes. And finally, two points. First, no Spanish coin of the period featured a bull. It is most certainly a lion which appears on many maravedis and whose dies were designed by somebody who could recognize a bull when he saw one, and draw one, but who probably had never seen a lion in the flesh. (There are of course Iberian pre-Roman coins with bulls, but none in modern times). Secondly, I may be wrong, but I cannot recall any maravedis being produced in the overseas Spanish mints- the ones for Santo Domingo were actually minted in Seville. It wouldn’t make much economic sense to take up time in mints such as Lima, Potosi, Mexico etc to mint small value coins, which of course is why the colonial mints generally produced the larger 8 and 4 reales for shipment back to Spain, or ingots of silver if the mints were working flat out. As far as I am aware, maravedis were shipped out as ballast on the ships sailing to the New World.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Selection of old Spanish (!) coins, some counter-marked. More info?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...