Spain Maravedi and 2, 4, and 8 Maravedis 1835 to 1858

Old maravedis from Spain can be quite valuable when in good condition. Most of them that you see are in terrible shape. The price goes up quickly as condition improves.

These coins were minted in 1, 2, 4, and 8 maravedis denominations, as indicated by their size and by the annotation 1M, 2M, 4M, and 8M on the side with Queen Isabel's portrait. The listings below call out values for all denominations.

Look at the coin in the picture. It is dark in color, but it is in very good shape with not much wear. Further, there is no damage in the form of scratches and spots. As such, the 8M coin in the picture is quite valuable, probably $200 US dollars or more.

These are catalog values and, as such, are inflated over actual retail and wholesale prices. For an explanation of the ins and outs of catalog value, please see our Terminology page.

1 MARAVEDI
worn: $10 US dollars approximate catalog value
average circulated: $80
well preserved: $130
fully uncirculated: $150
1 maravedi dated 1843 are rare and worth 5 times these values

2 MARAVEDIS
worn: $10 US dollars approximate catalog value
average circulated: $20
well preserved: $40
fully uncirculated: $150
2 maravedis dated 1836 are 1837 are rare and worth 12 times these values

4 MARAVEDIS
worn: $20 US dollars approximate catalog value
average circulated: $80
well preserved: $130
fully uncirculated: $220
4 maravedis dated 1853 are rare and worth 5 times these values

8 MARAVEDIS
worn: $15 US dollars approximate catalog value
average circulated: $25
well preserved: $80
fully uncirculated: $300
8 maravedis dated 1836 (With Ferdinand, not Isabella), 1852, and 1853 are rare and worth 5 times these values

If you have a 1, 2, 4, or 8 maravedis in good condition with pleasing eye appeal, it is best to seek out a knowledgable coin dealer or coin collector. There are several subtle varitations (including mint marks and other features) that can cause the value to increase substantially. Such minor variations are beyond the scope of CoinQuest, but you'd best check for yourself to be sure.

The monetary system of early Spain is interesting. There are 34 maravedi in one real, and there are 16 reales in one escudo. A popular silver coin was the 8 reales piece, and this is the famed 'piece of 8' in stories of early America.
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