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2 Reales - Carlos III

Issuer Casa de Moneda de Potosí
Year 1767-1770
Type Standard circulation coin
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Obverse description Central field dominated by the crowned quartered arms of Spain, featuring castles and lions in alternating quarters with a pomegranate at base, all surmounted by a large ornate royal crown. The denomination numeral '2' appears to the right of the shield, with the assayer's initial 'R' to the left. The circular legend, in Latin, reads CAR·III·D·G·HISP·ET·IND·R·, identifying the issuing monarch Charles III as King of Spain and the Indies. A continuous milled border surrounds the design.
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Edge Reeded
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Additional information

Carlos III's reform edicts of the 1760s were pushing colonial mints toward the new milled coinage, but Potosí resisted longer than most — the cob-style macuquerina production that had defined the mint since the 1570s was deeply entrenched in both labor practice and local commerce. This piece falls squarely in that transitional window, when both cob and milled types were being struck simultaneously and the assayers were under increasing Crown pressure to standardize.

Potosí sat at over 13,000 feet elevation, and the chronic labor disputes in the mita system during the late 1760s created irregular production runs. The assayer initials on pieces from this period are an essential dating tool within the window.

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