1/2 Real - Felipe V 1st type

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.