1778P Charles III Escudo NGC MS61


Coin ID: 2065386-006

Popayan mint, KM48.2. A bold striking that is well centered, attractive, and a few wisps exist in the right obverse fields. However, this scarce offering is the only example certified by NGC above the UNC level. Extremely RARE in uncirculated condition.

Charles III (January 1716 – 14 December 1788) was King of Spain and the Spanish Indies (1759–1788), after ruling Naples as Charles VII and Sicily as Charles V (1734–1759), kingdoms he abdicated to his son Ferdinand. He was the fifth son of Philip V of Spain, and the eldest son of Philip's second wife, Elisabeth Farnese. A proponent of enlightened absolutism, he succeeded to the Spanish throne on 10 August 1759, upon the death of his half-brother King Ferdinand VI of Spain, who left no heirs. As King of Spain Charles III made far-reaching reforms such as promoting science and university research, facilitating trade and commerce, and modernising agriculture. He also tried to reduce the influence of the Church and avoided costly wars. He did not achieve complete control over the State's finances, and was sometimes obliged to borrow to meet expenses. Historian Stanley Payne wrote that Charles III "was probably the most successful European ruler of his generation. He had provided firm, consistent, intelligent leadership. He had chosen capable ministers....[his] personal life had won the respect of the people.”