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During the 5th century BC, the Celtiberian built a walled settlement on the hill overseeing the plain; a stretch of cyclopean limestone slabs from the former temple of Diana, survives, close to the modern church of Santa Maria, but the settlement site is still older. The city traded with Greek and Phoenician coastal colonies, and under their influence, minted its own coins. During this period the city was known as Arse (Ripollès i Alegre 2002). By 219 BC Saguntum was a large and commercially prosperous town, which sided with the local Greek colonists and Rome against Carthage, and drew Hannibal's first assault, his siege of Saguntum, the opening move of the Second Punic War. After a harsh resistance of several months, related by the Roman historian Livy, Saguntum was captured in 219 by the armies of Hannibal.
Hispania was not meekly pacified and Romanized, as the Iberian career of Quintus Sertorius makes clear. Saguntum minted coins under his protection, and continued to house a mint when, as Roman Saguntum, it was rebuilt and flourished with the rank of municipium. This later prosperity lasted most of the empire through, and is attested by inscriptions and ruins (notably a theater, demolished by Napoleon's marshal Louis Gabriel Suchet, who also destroyed the Roman tower of Hercules). With the Arian Visigothic kings, Saguntum received its Catholic patron saint, a bishop named Sacerdos, who died peacefully of natural causes about AD 560. In the early 8th century, as part of the Caliphate of Cordoba the city reached a new age of splendor, with baths, palaces, mosques and schools for its cosmopolitan population. Then, the town was known as Morvedre (Morviedro in Spanish), a word derived from Latin muri veteres "ancient walls." However, as Valencia grew, Saguntum declined. In 1098 it was briefly reconquered by El Cid, although the definitive reconquest waited until 1238, under Jaime I of Aragon.
Saguntum was badly damaged in warfare, but has retained many Valencian Gothic structures. In the late 19th century, a steel-making industry grew up that supports the modern city, which extends in the coastal plain below the citadel hill.
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