Aspron Trachy

The Latin Empire that produced this issue was never a stable monetary authority — it was a Crusader state cobbled together after the Fourth Crusade's catastrophic sack of Constantinople in 1204, and it spent most of its existence slowly losing ground to the Byzantine successor states at Nicaea and Epirus. The billon trachy coinage it inherited had already been debased to near-worthlessness under the later Komnenian and Angeloi emperors, and the Latins made no meaningful effort to reverse that trajectory.

Attributing these pieces to specific reigns within the Latin sequence remains genuinely difficult. The Nicaean restoration under Michael VIII in 1261 ended production abruptly.