Blanca - Enrique IV Toledo

Enrique IV's blanca issues are inseparable from the monetary catastrophe he engineered. Beginning around 1461, he granted sweeping licenses to private mints — Toledo among them — authorizing production of vellón coinage at terms that were almost immediately abused. Fineness collapsed, blancos flooded the market, and by the late 1460s the currency was functionally worthless in large parts of Castile. The resulting inflation contributed directly to the political crisis that saw Castilian nobles stage the Farce of Ávila in 1465, symbolically deposing the king in effigy.

Toledo was one of the more prolific authorized mints during this period. AB#815 encompasses the chaotic output of nearly a decade of debased production.