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1 Escudo - Carlos III

Issuer Casa de Moneda de Lima
Year 1785-1789
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Value 1 Escudo (16)
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Obverse script Latin
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Reverse description The crowned Spanish royal coat of arms, quartered with the castles of Castile and lions of León, with a central escutcheon bearing the Bourbon fleur-de-lis, all enclosed within the collar of the Order of the Golden Fleece. The mint mark 'LM' (Lima) and assayer initials appear in the field flanking the shield, with the denomination '1S' also present. The encircling legend reads IN UTROQ · FELIX · AUSPICE · DEO.
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Additional information

Carlos III's 1772 monetary reform — the Nueva Ordenanza de Intendentes — standardized colonial mint output across Spanish America and triggered the transition at Lima from the old macuquina (cob) coinage to milled portrait pieces. The KM#79a designation specifically reflects the assayer transition at Lima during this four-year window, with different assayer letter combinations appearing on pieces across the run.

Lima's Casa de Moneda was among the busiest in the Americas during this period, fed directly by Andean silver and gold from mines still operating under the mita forced-labor system.

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