1/2 Enrique - Enrique IV Toledo

Enrique IV's half-enrique belongs to one of the most monetarily chaotic reigns in Castilian history. The king debased the coinage so aggressively — flooding circulation with base-metal issues — that the nobility and merchant class eventually organized the so-called "Farce of Ávila" in 1465, symbolically deposing a straw effigy of the king and demanding fiscal reform. Gold denominations like this piece survived the debasement crisis largely intact in fineness, but the broader loss of confidence in the crown's monetary authority drove exchange rates into disorder throughout the 1460s.

Toledo's output during this period is distinguished within the series by its mint mark placement, a detail that matters when reconciling specimens against Álvarez Burgos's classification.