1 Escudo - Fernando VI bust of Felipe V

Fernando VI inherited the Spanish throne in 1746 but the colonial mints at Santiago continued striking coins with the bust of his predecessor Felipe V well into the mid-1750s — portrait dies traveled slowly across the Atlantic, and the Santiago mint was not swift to update its equipment. This transitional issue, officially attributable to Fernando VI's reign by date, carries the physical image of a king already three years dead by the time the last of these pieces left the press.

Santiago's gold coinage from this period is genuinely scarce. The Chilean mint operated at low volume compared to Lima or Mexico City, and surviving examples in problem-free condition are rarely encountered.