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The Iberian Throne is the seat of the Lord of the Iberian Palace, and is often used as a metonymic device to refer to the authority of the King of the Balancín Kingdoms or the polity born after the independence of the Kingdoms from Wiltshire. The King often holds audiences and dispences decrees and justice from atop it in the Iberian Palace's throne room. The throne itself has changed over many years, originally being a large steel object but has since been replaced with the "modern throne" which currently sits in the throne room.
According to Balancín history, the Iberian Throne was forged by King Philip The Great after the Balancín victory in the war for independence. Prior to the construction of the Iberian Palace, the Iberian Throne was housed in the Great Hall of the Rock. It was moved to the Iberian Palace following its construction during the long reign of Charles I.
Today, the Iberian Throne is a sovereign entity, which operates from, is headquartered in, and exercises "exclusive dominion" over the Balancín Kingdoms as the head of the nation's feudal societal structure. The Lord of the Iberian Palace is, thus, sovereign. The current Lord of the Iberian Palace is Maximilian II. Since the Ecumenical Council of Lancastria in 3022, the Lord of the Iberian Palace is a role that is held simultaneously with that of Legate of the Rockfield Rite, which mandates the holder be a man. Thus, all Lords of the Iberian Palace that succeed Maximilian II must be male.