1827 2 Maravedís – KM #469 • Madrid mint (“M” behind bust) • Copper • 2.3 g • ≈ 21 mm. By 1827 the Madrid Mint was rationing copper, trimming flan weights below 3 grams to keep coinage running. The alloy changed, the flans turned patchy, and Ferdinand VII’s portrait began fading with the presses.
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