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1 Escudo - Carlos II

Issuer Casa de Moneda de Lima
Year 1698
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Weight 3.3834 g
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Obverse description Central castillo (castle) design depicting a three-turreted tower with an arched gateway, struck in the cob (macuquina) fashion on an irregular planchet. The assayer initials C and M flank the castle in the left and right fields respectively, with the last three digits of the date, 698, visible in the lower field. The entire design is enclosed within a beaded inner border following the irregular contour of the flan.
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Reverse description Bold Jerusalem cross (cross of Burgundy pattern) centered on the flan, featuring four equal arms that terminate in crosslets, with the quadrants between the arms each filled with a lion or castle motif in the cob style. The cross is deeply struck and dominates the irregular flan, surrounded by a beaded border that follows the natural outline of the planchet. The overall execution is characteristic of the macuquina hammered coinage produced at the Lima mint during the late Habsburg period.
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Additional information

Carlos II, the last Habsburg king of Spain, died in 1700 leaving no heir — making coins struck in his final years, like this 1698 Lima issue, among the last gold cob coinage produced under a dynasty that had controlled Spanish American minting for nearly two centuries. The Lima mint had operated since 1565, and by the late 1690s its output was feeding an empire already in visible decline.

Cob-format gold of this period is notorious for irregular flan preparation, so planchet quality varies dramatically within the type itself.

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