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4 Maravedis - Philip V Pattern; Madrid

Issuer Spain
Year 1739
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Value 4 Maravedis (2⁄17)
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Obverse description Central field displays the interlaced crowned royal cypher of Philip V — the letters 'P' and 'V' intertwined in an elaborate calligraphic monogram — surmounted by a large royal crown with fleurs-de-lis ornaments. Flanking the monogram are two fleurs-de-lis, with the mint mark 'M' (Madrid) to the lower left and the denomination numeral '4' to the lower right. The peripheral legend, reading clockwise, gives the king's name, title, and date, separated by rosette ornaments, with 'DEI GRAT · HISPAN · REX' and the year '1739' distributed around the circumference. The coin's edge is milled with a fine security graining visible on the rim.
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Obverse lettering PHILS ❀ V ❀
DEI GRAT · HISPAN · REX · 1739
⚜ M ❀ ⚜ 4 ❀
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Additional information

Philip V spent much of his reign wrestling with Castile's degraded copper coinage — the maravedí had been debased, restamped, and revalued so many times across the seventeenth century that public confidence in small denomination copper was essentially broken by the time he took the throne. The 1739 Madrid pattern fits into a broader reform effort to rationalize copper circulation, though the proposal evidently went nowhere; production pieces conforming to this specification are not recorded.

Pattern issues from the Madrid mint in this period are documented primarily through auction appearances rather than institutional holdings, with Aureo's cataloguing representing some of the most reliable reference points for this otherwise poorly documented type.

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