Valencia maintained its own coinage privileges under the Crown of Aragon's constitutional arrangements, which survived even after the union with Castile. The "dieciocheno" denomination — eighteen dineros — was specific to the Valencian monetary system and had no direct Castilian equivalent, a product of the kingdom's jealously guarded fiscal autonomy that the Habsburg monarchs repeatedly had to negotiate around rather than override.
Felipe III's expulsion of the Moriscos in 1609-1614 devastated the Valencian agricultural economy, collapsing revenues that had underpinned the kingdom's finances for generations. Coinage from precisely this window reflects a mint operating under considerable fiscal stress.
Valencia maintained its own coinage privileges under the Crown of Aragon's constitutional arrangements, which survived even after the union with Castile. The "dieciocheno" denomination — eighteen dineros — was specific to the Valencian monetary system and had no direct Castilian equivalent, a product of the kingdom's jealously guarded fiscal autonomy that the Habsburg monarchs repeatedly had to negotiate around rather than override.
Felipe III's expulsion of the Moriscos in 1609-1614 devastated the Valencian agricultural economy, collapsing revenues that had underpinned the kingdom's finances for generations. Coinage from precisely this window reflects a mint operating under considerable fiscal stress.