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1/20 Ecu with three crowns - Louis XIV
| Issuer | Monnaie de Paris |
|---|---|
| Year | 1710-1715 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Diameter | 18 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse lettering | SIT. NOMEN. DOMINI. BENEDICTVM 1711 |
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| Additional information |
The twentieth-ecu denominations of Louis XIV's final monetary reform of 1709–1710 were a direct consequence of the catastrophic financial strain of the War of Spanish Succession. The kingdom was effectively bankrupt; the winter of 1709 had destroyed harvests across France, and Versailles was melting its own silver plate. The recoinage ordered that year was partly a revenue mechanism — each reminting allowed the Crown to skim seigniorage from the public's own metal.
These small subdivisions circulated hard and died fast. The 1/20 écu saw heavy everyday use precisely because larger denominations were being hoarded.