1/2 Real - Felipe V

Felipe V reclaimed the Spanish throne in 1724 after his brief abdication in favor of his son Luis I, who died of smallpox after just seven months. The Lima mint continued striking fractional silver throughout this prolonged reign, supplying small-denomination coinage to a colonial economy that depended on it for everyday transactions in ways the larger milled pieces could not serve.

KM#30a distinguishes this cob-style issue from the earlier assayer combinations found under KM#30. Lima's assayer marks during this window shift between documented hands, and attribution to specific years within the 1729–1747 bracket often hinges on those punch identifications alone.