1/2 Real - Enrique IV Toledo

Enrique IV's reign was financially chaotic almost by design. He debased the coinage so aggressively — authorizing dozens of mints, many operating without adequate supervision — that by the late 1460s counterfeit and substandard coin had overwhelmed legitimate circulation. The Toledo mint was among the more regulated of the authorized facilities, but even its output varied considerably. A monetary ordinance of 1471 attempted to claw back control, though by then the damage to public confidence in Castilian silver was largely done.

AB#702 places this type within the broader Enriquean series distinguished by the Toledo mint mark.