how much is a maravedis worth
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During the time of the Goths, gold coins were in a prominent position. The Romans in the later Empire actually struck less heavy
coins than the old ones: They used to mint six coins from an ounce of gold, forty-eight coins from eight ounces or one mark.
These coins were slightly larger in size than the ones we are used to. They called these gold coins solidi, and they had a value of twelve
denarii each. It is important to note that if a Roman denarius is valued at forty quadrantes or maravedis, then a solidus has a value
of four hundred eighty, just a little more than our castellano, as an example. In the future, the solidi were still valued at twelve denarii,
even when they were no longer made of gold but instead of copper, even though they were first struck from silver and then finally made of copper in the majority.
There is no doubt that each solidus was worth twelve denarii in France and in Aragon, where the name solidus is still used.
When the Goths invaded with the sword, the Roman Empire was still flourishing in Spain, as were the Roman money, laws,
and customs when they came into Spain. After the Roman government changed, the conquerors introduced some of their own customs,
as well as adopted some of the customs of the conquered. For instance, the Goths began to use Roman money. As soon as a
new government was established, they devised and produced new coins known as maravedis, which they named after the new government was established.
It is not necessary to go into the meaning of the word, but each maravedi was valued at ten denarii, or four hundred quadrantes,
which is the same as our current gold coin, which is four hundred maravedis or quadrantes. Although the maravedis were first
made out of silver and then copper, they were still valued at ten denarii when first made. It used to be that a maravedi consists
of two blancas, six horned, ten denarii and sixty meajas. This was what they had in common with the maravedi, even though they
had completely disappeared because they were worthless.
Roman solidus and Gothic gold maravedi differed little in value. Therefore, when the Roman courts imposed a penalty of solids,
the Gothic courts substituted gold maravedis for the solidi. There are many coins from the Goths that have been discovered in Spain
that are made of low quality gold and have been degraded by half. We have evidence that their worth has been degraded by half:
they are half-maravedis, coins called semises or rather, tremises, which weigh one-third as much as the Maravedi did. Later on, we will take a closer look at this matter.
In the period 1835 to 1858, Spain Maravedi and 2, 4, and 8 Maravedis were produced
It is very important to remember that old maravedis from Spain can be quite valuable when they are in good condition.
Most of them you see are in terrible shape. The price increases rapidly as the condition of the maravedis improves. As indicated
by the size and the annotation on the side of the coin with Queen Isabel’s portrait, these coins were minted in 1M, 2M, 4M,
and 8M denominations. There is a list of values below for each denomination. Look at the picture of the coin in the listing below.
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Although this coin is dark in color, it is still in excellent condition with not much wear. Further, there is no damage of any sort,
such as scratches and spots, which indicates that this 8M coin is of significant value to you, probably worth $200 US dollars or more.
Catalog values are, in fact, inflated over the actual retail and wholesale prices. For an explanation of what catalog value is, please
refer to our Terminology page. average catalog value of the MARAVEDI that has been worn is $10 US dollars.
The average circulation of one MARAVEDI
The average circulation of one MARAVEDI is approximately $80.
well preserved: $130
fully uncirculated: $150
1 maravedi dated 1843 are rare and worth 5 times these values
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
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
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 own a coin worth 1, 2, 4, or 8 maravedis in good condition with pleasing eye appeal, it would be a good idea to seek out a coin dealer or collector who is knowledgeable. 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.
It is interesting to note that the monetary system of early Spain is interesting as well. There are 34 maravedis per real, and there are sixteen reales per escudo. A popular silver coin was the 8 reales piece, which is known as the famous ‘piece of 8’ in stories of the early Americas.
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