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1/2 Escudo - Carlos III 3rd type
| Issuer | Real Casa de la Moneda (Royal Mint of Spain) |
|---|---|
| Year | 1786-1788 |
| Type | Standard circulation coin |
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| Reverse description | The quartered shield of the Spanish Royal Arms displayed at centre, featuring alternating castles of Castile and lions of León within a circular frame, with a small central escutcheon bearing the Bourbon dynastic device. The shield is surmounted by the Spanish royal crown and encircled by the collar and badge of the Order of the Golden Fleece, rendered as a decorative floral chain with the pendant fleece at the base. The mint mark M appears to the left of the shield and the assayer's initials DV to the right, all within a toothed border. |
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| Reverse lettering | M·DV |
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| Additional information |
Carlos III's monetary reforms of the 1770s standardized gold coinage across the Spanish empire, but the third-type portrait introduced in 1786 reflected something more personal: the king was in his seventies, and the mint at Madrid updated the effigy accordingly. The half escudo was the smallest gold denomination in regular circulation, and these late-reign strikes were produced across only three years before Carlos III's death in December 1788.