4 Maravedis - Felipe IV Cuenca

The resello coinage of mid-17th century Castile reflects one of the more desperate fiscal episodes in Spanish monetary history. Chronic silver shortages and the costs of near-continuous warfare had so debased confidence in vellón coinage that the Crown repeatedly ordered old copper pieces recalled and countermarked to new face values — inflating nominal worth without adding metal. The 1661 resello campaign was among the last of these cycles before the monetary reforms of 1680 finally collapsed the vellón system outright.

Cuenca's mint was among the smaller Castilian operations, and its output from this period is accordingly scarcer than Madrid or Segovia strikes.