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2 Escudos - Felipe V
| Issuer | Casa de Moneda de México (Mexico City Mint) |
|---|---|
| Year | 1732-1747 |
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| Composition | Gold (.917) |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | PHILIP·V·D·G·HISPAN·ET·IND·REX (Translation: Felipe 5th King of Spain and the Indies by the grace of God) |
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| Reverse script | Latin |
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| Additional information |
The 1732 date marks a turning point in New World coinage: that year, the Mexico City Mint introduced the first machine-struck gold coins in the Americas, ending decades of the crude hand-struck "cob" (macuquina) coinage that had dominated colonial circulation. These milled issues — called columnarios for their design — were specifically intended to restore confidence in Spanish colonial gold after chronic complaints from European merchants about the irregularity and suspected short-weight of cob coinage.
Felipe V ordered the modernization partly in response to a 1728 monetary reform tightening crown oversight of New World mints.