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1 Doppia - Philip III

Issuer Duchy of Milan (Milan, Italian States)
Year 1617
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Currency Scudo (1515-1796)
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Obverse description Crowned and armored bust of Philip III, King of Spain, facing right, wearing an elaborate ruffled collar and pauldron, the crown rendered with fine detail above curled hair. The effigy occupies the majority of the coin's field, reflecting the bold hammered style characteristic of early seventeenth-century Milanese gold coinage. The circumferential Latin legend reads PHILIPP III REX HISPANIAR, interrupted by the date 1617 at the base of the design.
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Reverse script Latin
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Philip III of Spain held Milan as a fief of the Spanish Crown, and the duchy's gold coinage of this period was struck primarily to service the financial demands of the Spanish military network across northern Italy — the so-called "Spanish Road" that funneled men and money from Genoa toward the Habsburg Netherlands. The doppia denomination itself tracked closely with the Venetian ducat in circulation weight, a deliberate practical choice for cross-border payments among allied and neutral states.

Fr#721 is among the scarcer Philip III Milanese gold issues, with surviving examples concentrated in a handful of European institutional collections.

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