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2 Escudos - Carlos III

Issuer Casa de Moneda de Colombia
Year 1772-1789
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Composition Gold (.902)
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Obverse description Armored and draped bust of King Carlos III facing right, rendered in high relief in the Spanish colonial portrait style. The effigy displays elaborately engraved lace cravat and military cuirass with finely detailed strapping. The circumferential Latin legend is divided by the portrait, with the date appearing in the lower exergual area flanked by pellets. The coin exhibits the characteristic milled border with fine reeding around the entire periphery.
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Obverse lettering CAROL·III· D·G· HISP· ET IND·R· ·1780·
(Translation: Carlos III By the Grace of God King of Spain and the Indies)
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Additional information

Carlos III's colonial mints operated under the assayer system, where a single official bore personal responsibility — and liability — for the fineness of every piece struck. The Nuevo Reino mint at Santa Fe de Bogotá used the monogram NR alongside the assayer's initial, and errors in fineness could result in prosecution. That accountability structure is precisely why colonial gold from this period tends to hold its alloy composition so consistently.

The 1772 transition from cob ("macuquina") to milled coinage was mandated by royal decree, ending a production method largely unchanged since the 16th century.

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