Digital museum showcasing the collection of worldwide legends over the years! 千古不朽博物館展示多年來收藏的世界傳奇故事!
Kingdom of Spain
Philip IV
4 Maravedis
西班牙王國
腓力四世
4馬拉威迪
Item number: A2856
Year: AD 1655
Material: Copper
Size: 22.7 x 23.4 x 0.6 mm
Weight: 2.0 g
Provenance: Fuchin Coin 2020
According to the description provided by the auction house, this 4 Maravedis copper coin, minted in AD 1655 under the reign of Philip IV of the Kingdom of Spain, was recovered from a shipwreck site in the sea.
The preservation and craftsmanship of this coin are relatively poor. On the obverse, one can just barely make out the mark “IIII” in the upper right, indicating King Philip IV. Below this, there appears to be a design that likely represents a coat of arms. The reverse side seems to feature a beaded border around the edge. The minting year “1655” is clearly visible at the top, while some faint and indistinct lettering can be observed near the bottom.
In the 15th century, Europe witnessed the rise of the Age of Exploration, driven by the search for maritime routes to Asia via the Atlantic Ocean. Spain and Portugal, located on the Iberian Peninsula, emerged as pioneers of this era of global discovery and established extensive transatlantic trade networks. Merchant vessels from various nations often served dual purposes—not only engaging in commerce but also transforming into pirate ships when encountering foreign vessels. Such acts of maritime aggression were frequently sanctioned or even supported by their home governments.
In AD 1492, following Columbus’s arrival in the Americas, vast amounts of gold and silver precious metals from the New World were transported to Europe, triggering a price revolution in the continent. Given the lack of improvement in Spain’s industrial capacity, it resulted in the domestic situation characterized by “more money, fewer goods,” namely, the issue of inflation.
To address the issue of inflation, the Spanish Empire decided to issue more coins, ideally using silver as the primary material, given its value as a precious metal. However, for the royal court, allocating silver for external military expenses took precedence at the time, leading to the decision to use cheaper material, such as copper for minting Billon coins instead.
In AD 1599, Philip III was the first to declare that all Maravedis auxiliary coins would be minted from copper, excluding silver and other precious metals. In AD 1652, his successor, Philip IV, further stipulated that the denominations of the auxiliary coins would be 1, 2, 4, and 8 Maravedis.