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1 Escudo - Felipe III milled

Issuer Spain
Year 1607-1608
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Value 1 Escudo (16)
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Obverse description Central quartered royal arms of Spain, comprising castles and lions with the pomegranate of Granada in base and the escutcheon of Portugal at centre, surmounted by an open royal crown. The mint mark and assayer initial appear to the left of the shield, with the denomination numeral to the right. A circular legend in Latin runs around the periphery, enclosed within a beaded border.
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Reverse description A bold Latin cross set within a quatrefoil formed by four interlocking arcs, with trefoil or floral ornaments at each of the four inner cusps of the quatrefoil. The date 1608 appears prominently in the upper portion of the circular legend, which reads HISPANIARVM REX in Latin characters around the periphery, all enclosed within a beaded border.
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Additional information

Felipe III inherited the Spanish throne in 1598 along with its chronic fiscal crises, and the milled escudo series was part of a broader effort to produce more consistent coinage than the cob ("macuquina") method that dominated colonial mints. Milled gold from this reign is scarce precisely because hand-struck cobs remained the dominant production method — machinery was expensive, slow, and politically resisted by mint workers whose piece-rate income depended on the old system.

The 1607–1608 dating bracket suggests assayer-transition attribution rather than a confirmed single-year strike.

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