8 Maravedis - Philip III 1618 front 8 Maravedis - Philip III 1618 back
8 Maravedis - Philip III 1618 photo
© Heritage Auctions

8 Maravedis - Philip III

1618 year
Copper - -
Description
Issuer
Spanish possession of Oran (Algeria)
King
Philip III (1598-1621)
Type
Standard circulation coin
Year
1618
Value
8 Maravedis (4⁄17)
Currency
Real (1509-1708)
Composition
Copper
Shape
Round (irregular)
Orientation
Medal alignment ↑↑
Demonetized
Yes
Updated
2024-10-04
References
Numista
N#51835
Rarity index
87%

Reverse

ORAN in center of legend

Script: Latin

Lettering:
O
R+A
N

Interesting fact

The 8 Maravedis coin from Philip III's reign (1618) was used as a form of currency in the Spanish possession of Oran (Algeria) and was made of copper. What's interesting is that this coin was part of a series of coins that were minted in Oran during the Spanish occupation, which lasted from 1509 to 1792. These coins were used for local transactions and were also used to pay taxes and debts. The fact that this coin was made of copper suggests that it was a relatively low-value coin, as copper was a less valuable metal than other metals like silver or gold. Despite its low value, this coin is still a valuable piece of history and a reminder of the complex economic and cultural exchange that took place during the Spanish occupation of Oran.