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1 Maravedi - Felipe III monogram
| Issuer | Spain |
|---|---|
| Year | 1600-1619 |
| Type | Log in to see details |
| Value | 1 Maravedi (1⁄34) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
| Shape | Log in to see details |
| Technique | Log in to see details |
| Orientation | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | Log in to see details |
| Reverse description | Castle of Castile depicted in the center of the field, rendered as a triple-towered fortification with a central keep flanked by two lower towers, each with battlements, set upon a base with an arched gateway. The denomination numeral I appears to the right of the castle, with a mint mark letter to the left. The entire design is enclosed within a beaded border. |
| Reverse script | Log in to see details |
| Reverse lettering | I |
| Edge | Log in to see details |
| Mint | Log in to see details |
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| Additional information |
Felipe III inherited a copper coinage system in crisis. The Spanish crown's chronic silver shortage — driven largely by the costs of maintaining the Army of Flanders and servicing mounting imperial debt — forced a dramatic expansion of vellón copper issues after 1599. The 1 maravedí was the smallest practical denomination in that system, and these tiny flans were struck with such minimal care that off-center strikes and weak impressions are the rule rather than the exception for the type.
A royal decree of 1602 doubled the face value of existing copper coins by royal fiat, creating immediate hoarding and market disruption throughout Castile.