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1 Scudo - Carlo III

Issuer Duchy of Milan (Milan, Italian States)
Year 1723
Type Standard circulation coin
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Obverse description Draped and laureate bust of Emperor Charles VI (Carlo III of Spain) facing right, rendered in high relief with elaborate period wig and knotted cravat. The portrait is finely detailed, displaying a strong profile with prominent features characteristic of early 18th-century Habsburg coinage. The peripheral legend is divided by the bust and reads CAROLVS VI R IMP HISP REX, identifying the ruler as Holy Roman Emperor and King of Spain. The coin field is smooth, and the rim is defined by a continuous beaded border.
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Reverse script Latin
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Carlo III of Spain held Milan as a Habsburg possession following the War of the Spanish Succession, though his grip on the duchy was secured by treaty — the Peace of Utrecht in 1713 — rather than by conquest. Milan's gold coinage of this period answers to Vienna as much as to Madrid, sitting awkwardly between two administrative worlds. The CNI V#44 variety is among the scarcer documented strikings of this short-lived scudo type, with surviving examples concentrated in a handful of European institutional collections.

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