2 Mites - Philip the Bold with FL

Philip the Bold's acquisition of Flanders through his marriage to Margaret III in 1369 gave Burgundy its wealthiest and most industrially productive territory. The Flemish mints were immediately valuable — Ghent, Bruges, and Mechelen produced coinage to serve the dense commercial networks of the cloth trade. This billon issue dates to a specific recoinage ordinance of 1386, part of Philip's sustained effort to harmonize monetary standards across his accumulating Low Countries holdings.

The FL mintmark narrows this piece to Flemish production specifically, distinguishing it from the broader Burgundian output of the same period.