Obole - Raymond IV

Raymond IV of Orange ruled a small but strategically positioned principality on the Rhône corridor during a period when French feudal coinage was proliferating wildly — the Capetian crown had neither the means nor the consistent authority to suppress local minting. This piece falls within that contested monetary environment, where lords of even modest territories routinely struck their own billon small change to meet local demand.

The absence of standard reference numbers across Poey d'Avant, Comté, and féodales catalogs suggests this type remains incompletely documented — not unusual for Orangeois issues of this weight class, which survive in very small numbers.