2 Mites - Philip the Bold (with FL) ND (1386-1387) front 2 Mites - Philip the Bold (with FL) ND (1386-1387) back
2 Mites - Philip the Bold (with FL) ND (1386-1387) photo
© Jean Elsen & ses Fils s.a.

2 Mites - Philip the Bold with FL ND

 
Billon 1.15 g -
Description
Issuer
Burgundian Netherlands (County of Flanders, Belgian States)
Duke
Philip the Bold (1384-1404)
Type
Standard circulation coin
Years
1386-1387
Value
2 Mites (Mijten) (1⁄12)
Currency
Groot (864-1506)
Composition
Billon
Weight
1.15 g
Shape
Round (irregular)
Technique
Hammered
Demonetized
Yes
Updated
2024-10-04
References
Numista
N#309832
Rarity index
95%

Reverse

Long cross pattee intersecting legend

Script: Latin (uncial)

Lettering: +mO nET AFL AnD

Lettering (regular font): +MO NET AFL AND

Translation: Coinage of Flanders

Comment

Due to the very low silver content, this coin is described either as billon or copper.

This type is differentiated from a similar type of Philip the Good by having a long cross reverse, and the title DUke of Burgundy obverse (reference below)

Interesting fact

One interesting fact about this coin is that it was minted during a time of great political and economic change in the region. Philip the Bold, the Duke of Burgundy, had recently established a new monetary system in an effort to stabilize the economy and promote trade. The introduction of the 2 Mites coin, which was equal to one-eighth of a silver groat, was part of this effort. Despite the challenges of the time, the coin remained in circulation for several decades, indicating its success in facilitating commerce in the region.