Spain 2 and 4 Maravedis Countermarked 12 Maravedis 1598 to 1602
You are not the first person to have misread that date, Alfonso! The actual date is 1599 on your coin, not 1499. The numeral '5' on these old Spanish cob coins looks quite differently from the modern '5' as used in a computer font. With the name 'Philippus' on the coin, it has to be one of his 'Omnivm'-maravedis struck for a few years around 1600.
The XII punch, 12 in Roman numerals, is a countermark applied to the coin after minting. Since there is no 12 maravedis countermark known from Philip III, the coin must have been countermarked later, during the reign of Philip IV, where inflation had deprecated the value of the maravedis so much that a coin worth 4 maravedis in 1599 was now worth 12 maravedis. The XII countermark of Philip IV is known from 1636 and 1641-42.
worn: $10 US dollars approximate catalog value
average circulated: $40
well preserved: $80
In addition to the general wear, the value of these coins is also determined by the legibility of the countermarks and the sharpness of the strike. A strong date and legible inscriptions also help to increase value. Bent, holed, corroded or otherwise severely damaged coins will be worth a couple dollars at most.
Please see our Important Terminology page found at the top left in order to properly interpret these catalog values.
, Genre: Colonizers and Colonies
Requested by: Alfonso, Thu, 19-Jun-2014 14:00:52 GMT
Answered by: Paul, Fri, 20-Jun-2014 20:59:18 GMT
Reviewed by CoinQuest. Appraisal ok., Mon, 06-Jun-2016 15:33:32 GMT
Requester description: 1499 Omnium Philippus 1499. hispan (XII) orum rex The XII appears like punched over the coin. There is a small 'R' marked near the center of the coin, it doesn't fit the coin.
Tags: spain 2 4 maravedis maravedi countermarked countermark 12 espana spainish hispanarvim hispan espanas hispanarvm hispaniarum hispanirvm spanich hispanarium hispana espania espa spanish hisp espanola hispa spai hispaniarvm maraverdis punched punch stamped stamp counterstamped hashmarked chop hashmark counterstamps punches counterstamp stamps chops omnium philippus philip xii orum rex center offcenter philipe philippvs phil filip philipvs felipe philippe phillip off offset certer centre centers centered octolobe castle lion tiger circle ring hexagon octagon lions cougar tigers circled encircle circlet circles loops circal encircled circuit ringed circumscibed incircled circel circumference encircles encircling rings circling loop circular circumscribed dodecagonal polygon hexagram octagonal decagon octogan heptagonal hex dodecahedron pentagon dodecagon