2 Falus - Sidi Mohammed IV 2nd Standard, Hawz

Sidi Mohammed IV's bronze falus issues of the 1860s were struck at a moment when Morocco was navigating extreme financial pressure following the indemnity imposed by the Treaty of Tétouan in 1860 — 100 million reales demanded by Spain after the Tetuán War, a sum so crippling it ultimately forced the Makhzen to seek European loans and accelerated foreign economic penetration of the country. Small copper coinage of this period circulated heavily in regional markets, and the Hawz — the agricultural hinterland surrounding Marrakech — had its own minting tradition that produced pieces with subtle but catalogued distinctions from other Moroccan mint outputs.