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1/2 Real Cruzado - João I Lisboa mint

Issuer Portugal
Year 1409-1415
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Weight 2 g
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Obverse script Latin
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Reverse lettering REPARATIO REX PVBLICE
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Additional information

João I struck these cruzados in the years immediately preceding the 1415 assault on Ceuta — Portugal's first foothold in North Africa and the opening move of Iberian overseas expansion. Whether wartime fiscal pressure influenced the already-low silver fineness of this billon issue is debated, but the timing is difficult to ignore. Lisboa mint output from this reign is frequently encountered with significant die misalignment, a product of the period's inconsistent striking practices rather than any particular die failure.

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