1 Escudo - Carlos III

Issuer Mexico
Year 1762-1771
Type Standard circulation coin
Value 1 Escudo (16)
Currency Real (1535-1897)
Composition Gold (.917)
Weight 3.3834 g
Diameter 17.44 mm
Thickness
Shape Round
Technique Milled
Orientation Coin alignment ↑↓
Engraver(s)
In circulation to
Reference(s) KM#117
Obverse description Carlos 3rd large armored bust looking right. Surrounded by legend with date at bottom.
Obverse script Latin
Obverse lettering HISP * ET IND * R CAR * III * D * G
(Translation: Carlos 3rd King of Spain and the Indies by the grace of God)
Reverse description Crowned shield surrounded by legend.
Reverse script Latin
Reverse lettering IN * UTROQ * FELIX
(Translation: With happiness in both under the look of God)
Edge
Mint
Mintage 1762 MM - -
1763 MM - -
1764 MM - -
1765 MF - -
1766 MF - -
1767 MF - -
1768 MF - -
1769 MF - -
1770 MF - -
1771 MF - -
Numisquare ID 1055198770
Additional information

Historical Context: This 1 Escudo coin of Carlos III from Mexico (1762-1771) hails from a pivotal era in the Spanish Empire. Carlos III (1759-1788) spearheaded the Bourbon Reforms, a series of administrative and economic changes to centralize power and boost revenue from New Spain. These gold issues were crucial for facilitating transatlantic trade and demonstrating the empire's wealth and control, particularly from Mexico's rich mines. The coin's issuance reflects a period of significant imperial reorganization.

Artistry: The Escudo's design reflects a transition towards a neoclassical aesthetic, departing from earlier baroque styles. While specific engravers are often unrecorded, the stylistic direction originated from Madrid. The obverse features a finely rendered, laureate, draped, and armored bust of Carlos III, emphasizing royal authority. The reverse displays the crowned Spanish coat of arms flanked by the iconic Pillars of Hercules, symbolizing Spain's dominion over both the Old and New Worlds. The legends reinforce this imperial message.

Technical/Grading: For this 1 Escudo, key areas for strike quality and wear include the highest points of Carlos III's bust: the hair, laurel wreath, and drapery folds. On the reverse, the crown, Bourbon escutcheon, and Pillars of Hercules banners are critical. Mexican gold escudos from this period are generally well-struck, though minor weakness on these high points can occur. Original mint luster, a well-formed round planchet, and a sharp, consistent milled edge are highly desirable for optimal grading.

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