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This artifact is a Spanish Maravedi coin found in a shipwreck off the coast of Greece in the Mediterranean Sea. This coin is struck from bronze either from a hammer or screw press or a combination thereof.
This coin shows the date 1658 and shows the symbol IIII on one side indicating that it holds a value of 8 Maravedi. This 8 was not the original value of the coin and was actually a re-struck Maravedi with an original value of either 1, 2, or 4 Maravedi. During bad economic times the governing body would take lower value coinage and stamp them with either IIII, VI, 8, VIII, or VII. This is the equivalent of stamping a nickel with $1.
This artifact comes with a Certificate of Authenticity from Global Xploration.
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