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V Reais - António I Countermark 'AÇOR' over V Reais/Sebastião

Issuer Portugal
Year 1582
Type Standard circulation coin
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Obverse script Latin
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Reverse description The reverse of the host coin, a V Reais of King Sebastião I of Portugal, displays the Portuguese royal arms — a crowned shield bearing the quinas (five escutcheons) arranged in cross formation, each charged with five bezants, surrounded by a bordure of castles. A partially visible circular Latin legend surrounds the shield, though heavily worn and partially illegible due to the irregular flan and the effects of subsequent countermarking. The design follows the standard typology of mid-sixteenth-century Portuguese copper coinage struck under Sebastião I (1557–1578).
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Additional information

When Philip II of Spain was crowned Philip I of Portugal in 1581, the prior António of Crato — the losing claimant to the Portuguese throne — retreated to the Azores, the only territory that continued to recognize him as king. To fund his resistance government there, existing copper coinage was countermarked for continued circulation under his authority. The 'AÇOR' stamp, naming the islands themselves, is the physical mark of a government in exile operating from a mid-Atlantic archipelago against a Habsburg superpower.

António held the Azores until 1583, when a Spanish fleet defeated his forces at the Battle of Vila Franca do Campo. Countermarked pieces from this episode had a circulation window of roughly two years.

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