“Spain Charles III Gold 1/2 Escudo 1786 M DV AU 58” has been added to your cart.

Spain Charles III Gold 1/2 Escudo 1786 M DV AU 58


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The Spanish 1/2 escudo was a small gold coin first issued in the 16th century and continued through the 19th century. Its obverse usually featured the Spanish monarch’s portrait, while the reverse showed the royal coat of arms and denomination. These coins circulated alongside larger gold and silver denominations, serving both commerce and the display of royal authority.

This coin was minted when the Kingdom of Spain was under the control of the Bourbon dynasty, which won power during the War of the Spanish Succession against the Habsburgs.  Under the Bourbons, Spain saw an era of reform.  The government transitioned from being dominated by the aristocracy to awarding positions based on merit.  The Age of Enlightenment reached Spain in the mid-1700s, bringing other new ideas.  Spain continued to reap the benefits of its colonial territories, and even acquired Louisiana from the French for a brief period from 1762 to 1800.  However, Napoleon Bonaparte’s rise to power put pressure on the Spanish government.  Spain’s indecisiveness in whether to ally with France led to Napoleon placing his brother Joseph on the throne in 1808, effectively collapsing the Bourbon dynasty.  Spain resisted this new king, sparking the Peninsular War in which Portugal, Spain, and the United Kingdom fought against France.  At the same time, Spanish colonies in the Americas went to war for their own independence, forcing Spain to fight on two fronts.

This coin was graded AU 58 (almost uncirculated 58), using the Sheldon grading scale from 1 to 70.  It was graded by the Numismatic Grading Company, the official grading service of the American Numismatic Association and the Professional Numismatists Guild.  Here is more information about the coin grade.

Obverse: CAROL · III · D · G · HISP · R · 1786 (Carolus III Dei gratia Hispaniarum Rex, translation: Charles III King of the Spains by the grace of God) Draped and armored bust of King Charles III facing right.

Reverse: M D.V; Crowned oval coat of arms of Spain with Golden Fleece collar.

Reference: KM 425, Cal 778