$12,886.00 USD
Issued under Philip V of Spain, this 1736 8 Escudos piece was struck at the Mexico City Mint (MO) by assayers Manuel de León and Francisco de la Peña (MF). This early colonial gold issue exemplifies the vigorous expansion of Spain's New World monetary system and the Crown’s reliance on Mexican gold to support imperial finances. The 8 Escudos, or “Doubloon,” was the highest denomination of the period and circulated widely across Europe and the Americas.
Obverse: Features a crowned shield of Spain encircled by the Latin legend denoting Philip V’s royal titles. The intricate Bourbon arms are well rendered in this example, with excellent retention of detail across the central devices and shield quarters.
Reverse: Displays a bold cross of Jerusalem surrounded by castles and lions — the heraldic symbols of Castile and León — framed within a decorative quatrefoil. The mintmark “MO” and assayers’ initials “MF” are clearly visible, confirming its origin and accountability under colonial Spanish standards.
Graded NGC AU55, this coin showcases a charming antique gold hue enhanced by contrasting garnet red toning, creating significant eye appeal. It is free from major post-mint impairments, a notable rarity for issues of this size and age. With only three known Mint State specimens, this AU55 ranks high in the surviving population, underscoring its condition rarity among early 18th-century escudos. Its overall preservation makes it a particularly desirable example from a historically and visually important series.
