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1/2 Gros - Philippe I the Handsome

Issuer Duchy of Luxembourg
Year 1502-1503
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Currency Florin (1353-1713)
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Reverse description Central field displays a quartered shield of arms dominated by a rampant lion, characteristic of the Luxembourg heraldic tradition, set upon a long cross that extends to the beaded inner circle and divides the surrounding legend. The shield is rendered in a plain Gothic style consistent with the modest denomination. The circumferential legend in uncial Latin characters reads MONE NOVA ANNO 150Z, proclaiming the coin as new currency of the year 1502. The reverse design, though simply struck, reflects the administrative assertion of monetary authority by Philip the Handsome over the Duchy of Luxembourg.
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Edge Plain
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Additional information

Philippe I — known to history primarily as King of Castile through his marriage to Juana — ruled Luxembourg as part of his Burgundian inheritance, and his coinage there reflects the administrative fragmentation of the Low Countries under Habsburg management. This issue falls within the final years before his sudden death in 1506 at age 28, an event that triggered Juana's breakdown and set in motion decades of Castilian regency politics.

The billon standard used here, at roughly 37.5% silver, was not unique to Luxembourg but reflects the broader debasement pressures affecting Burgundian coinage in the early sixteenth century as the Habsburgs stretched resources across an expanding territorial portfolio.

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