1 Escudo - Felipe V

Felipe V spent much of his reign fighting to keep the Spanish throne he'd inherited in 1700 — the War of the Spanish Succession dragged on until 1714, reshaping both European borders and colonial administration. The Santa Fe de Bogotá mint was one of the few New Granada facilities producing gold cob coinage throughout this period, supplying specie that flowed directly into wartime treasury demands back in Madrid.

The macuquina (cob) format persisted here well past its discontinuation at other mints, a function of labor conditions and assay infrastructure in the viceroyalty rather than royal preference. Felipe's 1728 monetary reforms pushed standardization hard, but Santa Fe lagged.