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120 Grana - Ferdinando IV

Issuer Naples, Kingdom of
Year 1784-1794
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Reference(s) KM#198, Dav EC III#1406, MIR#370, C#66a
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Reverse description Central field displays the quartered royal arms of the Two Sicilies — combining the lilies of Bourbon-France, the castles and lions of Castile and León, the pomegranate of Granada, the fasces of Aragon, and the escutcheon of Farnese — all surmounted by an ornate royal crown and flanked by laurel branches. The denomination G·120 appears in the lower exergue within an olive wreath, while the mint officials' initials C·C· flank the shield and the date is incorporated into the circumferential Latin legend HISPANIAR INFANS 1787 C·C·G·120.
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Mintage 1784 P/CCC - -
1785 BP/CCC - -
1786 BP/CCC - -
1786 DP/CCC - -
1786 P/CCC - -
1787 DP/CC - Variant #2 -
1787 DP/CCC - -
1787 DP/CCC - Variant #1 -
1788 - Variant #3 -
1788 BP/CC - -
1788 BP/CC - Variant #5 -
1788 CC - Variants #3, 4 -
1789 P/CC - -
1790 P/AP - -
1790 P/CC - -
1790 P/RC - -
1791 P/AP - -
1792 P/AP - -
1793 P/AP - -
1794 P/AP - -
1794 P/AP - Variant #6 -
Additional information

The 120 Grana was the principal large silver denomination of the Kingdom of Naples under Ferdinando IV, issued during a decade when Bourbon monetary policy was attempting to stabilize a chronically debased coinage inherited from earlier reigns. The reform effort was never fully resolved — successive issues across 1784–1794 show measurable variation in fineness and strike quality tied directly to the state of the royal mint at Naples, which operated under persistent shortages of refined metal.

Ferdinando himself was a minor when he first took the throne in 1759, ruling initially under a regency dominated by Bernardo Tanucci. By this series, he governed independently, though Neapolitan finances remained entangled with Spanish Bourbon obligations.

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