1 Escudo - Felipe V Madrid

Felipe V briefly abdicated in favor of his son Luis I in January 1724, making the eight-month reign of Luis I — who died of smallpox that August — an interruption that forced Felipe back onto the throne. Gold escudo production at Madrid continued across this dynastic turbulence with little pause, which means pieces struck during 1724 could originate from either reign depending on the assayer and die state, a distinction that still divides attribution specialists.

Madrid's output during this window was consistently overshadowed by Seville and the American mints in raw volume. The relatively modest striking quantities from the Villa y Corte make survivors in any condition scarcer than the KM listing alone suggests.