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Denier - Philip III Olot, shield of Catalonia

Issuer Catalonia, Principality of
Year 1598-1621
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Diameter 14 mm
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Obverse script Latin
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Reverse description Crowned heraldic shield bearing four vertical pales (pals), representing the arms of Catalonia (the four bars of Aragon), set in the central field within a beaded inner circle. The crown surmounting the shield is depicted in a simple, stylised form characteristic of hammered municipal issues. A Latin legend encircles the design reading +VNIVERCIT·OLOT, identifying the issuing municipality of Olot. The reverse design is boldly struck relative to the obverse, with the shield's vertical pales clearly defined.
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Additional information

Philip III inherited the Aragonese composite monarchy in 1598 and was required by the Catalan constitutions to convene the Corts before exercising full authority in the principality — a structural constraint that shaped how and where coinage was authorized. The Olot mint operated under local seigneurial franchise arrangements that persisted precisely because Catalan fiscal autonomy was jealously defended against Castilian centralization, a tension that would eventually erupt in the Reapers' War of 1640, barely two decades after this issue ceased.

Copper deniers of this type circulated almost exclusively within Catalonia, filling a small-denomination gap that Castilian copper did not legally satisfy there.

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