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Up for auction is a Spanish Countermarked 4 maravedis coin of Philip IV, 1654 AD
During the Spanish 80 year war, the empire suffered from an acute lack of copper due to increased demand for munitions (ie cannons). This crisis was compounded by background inflation (an ongoing concern given the influx of precious metals from the Americas since the 16th century) . In an attempt to address these issues, the government attempted to change the monetary value of currency currently in circulation.
In 1636 a XII (12) stamp was added to this coin to revalue a previous 6 or 8 maravedis coin of Philip II/III 12 maravedis, this was again revalued back to 4 maravedis in 1654 with IIII stamp.
ID#462q
Diameter: 29mm
MINT: Coruna
OBVERSE; 1654 + XII
-Value/Mint (XII /.) & date stamps atop castle.
REVERSE; IIII + 1636
-Value/Mint (IIII / .I) & date stamps atop lion.
REFERENCE: NONE