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1/2 Real - Felipe III

Issuer Spain
Year 1602-1621
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Value 1/2 Real
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Reverse description Quartered royal arms of Spain arranged in four quadrants divided by a plain cross, displaying alternating castles of Castile and lions of León. The date appears at the top of the field, partially visible on the irregular flan. A partial encircling Latin legend names the king as ruler of the Spains. The overall design conforms to standard macuquina (cob) coinage conventions of the Spanish colonial and metropolitan mints of the early seventeenth century.
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Mintage 1602 - KM#15.1 -
1609 SB - KM#15.2,Cal#576 -
1610 A - KM#15.1 -
1610 SB - KM#15.2,Cal#577 -
1611 SB - KM#15.2 -
1612 SV - KM#15.2 -
1612 TC - KM#15.3 -
1615 SG - KM#15.2,Cal#580 -
1615 SV - KM#15.2 -
1620 SR - KM#15.2 -
1621 SR - KM#15.2 -
Additional information

Felipe III delegated virtually all governance to his valido Francisco de Sandoval, Duke of Lerma, while the crown's finances deteriorated under the weight of sustained military expenditure in Flanders and the Mediterranean. The half real occupied the lowest tier of the silver coinage and circulated hard in daily trade, which is precisely why surviving examples in anything above heavily worn condition are difficult to find. Lerma was eventually removed in 1618 and prosecuted for corruption, yet the mints continued striking this denomination unchanged through the reign's end in 1621.

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