#k234# Spanish Countermarked 8 maravedis coin of Philip IV, 1654 AD UK - Horse grazing right

- Horse grazing right

MINT: Magnesia ad Maeandrum

N-I-K-A-I / ЄΩN

- Bare-headed and draped bust right

ID#406h (UK)

#k234# Spanish Countermarked 8 maravedis coin of Philip IV, 1654 AD UK - Horse grazing rightWelcome to cc coins Up for auction is a Spanish Countermarked 8 maravedis coin of Philip IV, 1654 AD During the Spanish 80 year war, the empire suffered from an acute lack of copper due to increased demand for munitions (ie cannons). This crisis was compounded by background inflation (an ongoing concern given the influx of precious metals from the Americas since the 16th century) . In an attempt to address these issues, the government attempted to