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1/2 Real - Felipe V 1st type

Issuer Spain
Year 1725-1731
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Value 1/2 Real
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Obverse description Central crowned quartered royal arms of Spain displaying castles of Castile and lions of León in alternating quarters, with a small pomegranate in base, all set within a plain shield surmounted by a royal crown. Mint mark and assayer initial flank the shield in the field. The circular legend reads PHILIPPUS V D G, interrupted by the shield, with a small lozenge stop between each word element.
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Reverse description A bold plain cross with splayed ends divides the field into four quarters, each containing alternating castles and lions passant — emblems of Castile and León — forming a cruciform arrangement. The date 1726 appears prominently in the upper field between the arms of the cross. The circumscribed legend HISPANIARUM REX surrounds the design, with dot stops separating the words, the entire composition conveying the regal authority of the Spanish Crown.
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Additional information

Felipe V abdicated in favor of his son Luis I in January 1724, then reclaimed the throne just eight months later after Luis died of smallpox. The administrative disruption from this double succession left Spanish mints operating under shifting royal authority, and the macuquina coinage of this period reflects that instability — die preparation and quality control varied considerably between mints during the late 1720s. The Mexico City and Lima mints produced the bulk of these fractional silver pieces for colonial trade, where exact weight mattered far more than appearance.

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