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Pirate Booty! 1623 Spanish 8 Maravedis

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ironshield
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Going through my treasure box, I found some pirate treasure! I don't remember how I acquired this piece, but it's really nice! Probably an ebay lot from long ago.

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I'm grateful that this coin was labeled, it would have been tricky identifying this coin. But there are enough clues to figure it out.

The proper orientation of the obverse:

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Looking very carefully at the right side of the shield, one can see "623". This is the mint date of 1623!

The obverse is a shield with a lion standing on it's hind legs. I found this depiction online that more clearly shows the lion.
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Because it had been clipped so many times, the weight was no longer correct, so a stamp was hammered on the obverse (and reverse) with the roman numeral VIII. Just so there's no question of it's intended weight.

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The reverse is clearer, especially the "VIII" stamp. The shield on the reverse is of a castle. I like that this coin has retained it's original copper color, but other specimines show the detail better.

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The reverse had the original "VIII" for 8, clearly denoting it's value. Eventually, it became a chunk of metal with an "VIII" stamped on it.

This Spanish 8 maravedis copper coin was minted in Madrid, Spain during the rule of King Philip IV. The obverse of this coin features a rampant lion in a crowned shield with the 1623 date and the legend HISPANIARVM REX "King of Spain". The reverse shows a castle in a crowned shield with the legend PHILIP PVS IV D G "Philip IV, by the grace of God". It also has "VIII" for 8 maravedis. Source

This copper likely was mined in America (perhaps even northern Michigan) and shipped back to Spain.

The 1 silver real coin was too large and valuable for normal trade, so copper denominations were created. A silver real coin was valued at 34 maravedis. There were 8, 4, 2 and 1 copper maravedis minted, this one being the highest denomination copper coin.

These coins were traded in the Americas in the colonies in the 17th and 19th centuries.

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This is my oldest (mostly) readable dated coin in my collection.


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