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1 Daalder "Leeuwendaalder" Vasconcellos Countermark

Issuer Order of Malta (Knights Hospitaller)
Year 1622-1623
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Diameter 40 mm
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Obverse lettering MO + ARG + PRO + CONFOE + BELG FRI
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Edge Plain
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Additional information

The Vasconcellos countermark was applied under Grand Master Antoine de Paule's administration to circulating Dutch leeuwendaalders — Dutch Republican coinage that flooded the Mediterranean trade routes throughout the early seventeenth century. The Order lacked the mint capacity to supply its own silver in quantity, so countermarking foreign coin was a practical solution to assert monetary authority over circulation on Malta.

The leeuwendaalder itself was already a debased trade coin by this point, struck at .750 fine rather than the .875 of earlier Netherlandish silver, widely distrusted but universally accepted across Levantine markets.

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