$3,437.00 USD
– SOLDThe 8 Escudos coin underscores Spain’s economic reliance on gold and silver extracted from the Americas. These coins were used in global trade, particularly in Asia, where they were exchanged for luxury goods like silk and spices.
While the coin represents the peak of Spanish colonial wealth, it also marks the waning years of Spain’s dominance. The early 19th century saw the Spanish colonies in Latin America move toward independence.
The year 1807 situates the coin at a critical juncture as Spain grappled with Napoleon's influence, leading to Charles IV’s abdication in 1808.
The obverse features a right-facing bust of Charles IV in classical attire, reflecting the neoclassical artistic trends of the time. The inscriptions reads “CAROLUS IV DEI GRATIA” (Charles IV, by the Grace of God). The year of minting (1807) is also present.
The reverse depicts the Spanish Royal Coat of Arms, including the lions, castles, and the Pillars of Hercules with the motto “PLUS ULTRA” (Further Beyond), symbolizing Spain’s exploration and global empire. The inscriptions reads “HISPAN ET IND REX” (King of Spain and the Indies), emphasizing Spain's dominion over its vast territories.
