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8 Maravedis - Felipe III Segovia, milled
| Issuer | Casa de la Moneda de Segovia |
|---|---|
| Year | 1600-1620 |
| Type | Log in to see details |
| Value | 8 Maravedis (4⁄17) |
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| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
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| Technique | Log in to see details |
| Orientation | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | Central crowned shield bearing a rampant lion passant guardant to sinister, representing the Kingdom of León, surmounted by a royal crown. The date (e.g. 1618) appears divided to the right of the shield within the field. The circumferential legend HISPANIARVM · REX runs around the shield, all contained within a beaded inner border and a milled outer border. |
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| Additional information |
Felipe III's reign saw the Segovia mint — equipped with water-powered screw presses installed under Felipe II — produce the most technically consistent copper coinage in Castile. The milled output from Segovia stood in sharp contrast to the crudely hammered vellón being struck elsewhere, and the crown periodically struggled to prevent the better-made pieces from being hoarded or melted while debased issues circulated freely. Gresham's Law playing out in real time.
The Cal#753-782 range spans a twenty-year window during which the coinage was resized and revalued multiple times as the crown manipulated vellón to cover chronic fiscal shortfalls from Flemish and Mediterranean military commitments.