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1 Escudo - Carlos III bust of Carlos III, regular type
| Issuer | Casa de Moneda de Santiago |
|---|---|
| Year | 1772-1788 |
| Type | Standard circulation coin |
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|---|---|
| Obverse script | Latin |
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| Reverse description | The quartered royal arms of Spain displayed on an ornate shield, surmounted by a large royal crown. The shield quarters display the castles of Castile and the lions of León, with the fleur-de-lis of the Bourbon dynasty in the center point. The denomination numeral 1 appears to the left of the shield and the Santiago mint mark S to the right, with assayer initials DA below. The shield is flanked by the columns of Hercules entwined with a chain. The surrounding Latin legend IN UTROQ FELIX A D encircles the design, with the mint mark So and assayer initials DA appearing in the lower field. |
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| Additional information |
Carlos III's monetary reforms of 1772 standardized the bust coinage across Spanish colonial mints, replacing the older macuquina (cob) format that had dominated American production for two centuries. Santiago was among the slower mints to comply fully, and transitional inconsistencies in early strikes from this series are well documented. The Chilean mint operated under chronic supply pressures throughout this period — gold sourced primarily from Andean placer deposits rather than organized mining — which contributed to irregular planchet quality across the run.
The 1772–1788 window closes with Carlos III's death in December of that year.