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1 Escudo - Philip IV Segovia; milled
| Issuer | Casa de Moneda de Segovia |
|---|---|
| Year | 1628-1652 |
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| Value | 1 Escudo (16) |
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| Composition | Log in to see details |
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| Obverse description | Crowned quartered shield of the Spanish royal arms, incorporating the castles of Castile, lions of León, the chains of Navarre, the pomegranate of Granada, and the arms of Portugal, all surmounted by an ornate royal crown. The legend PHILIP IIII · D · G is distributed around the shield, with the assayer mark and mint mark flanking the sides of the coat of arms. The coin's milled border is defined by a raised beaded rim characteristic of roller-milled Segovia coinage of the period. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
Philip IV inherited the Spanish throne in 1621 and immediately faced compounding fiscal crises — the Thirty Years' War was draining Castilian revenues at a rate the American silver fleets could barely offset. The Segovia mint, powered by its famous water-driven machinery installed under Philip II, was among the few facilities capable of producing consistently round, mechanically struck gold coinage at a time when most Spanish mints still relied on hand-hammered production.
The milled output from Segovia carried a premium in contemporary trade precisely because uniformity deterred clipping. This 1-escudo denomination circulated primarily in domestic mercantile transactions rather than the large international payments dominated by the 8-escudo onza.