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2 Reales - Carlos III 1st type

Issuer Real Casa de la Moneda (Royal Mint of Spain)
Year 1759-1771
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Currency Real (1497-1833)
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Obverse script Latin
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Reverse description Central design features a plain cross with a scalloped or lobate inner border dividing the field into four quarters, each bearing alternating castles of Castile and lions of León, representing the heraldic arms of the Spanish Crown. The date 1760 appears prominently in the upper portion of the legend, with the circular Latin inscription HISPANIARUM REX reading around the periphery. A toothed milling border frames the entire reverse design. The engraving exhibits the clean, precise style characteristic of the reformed Bourbon coinage produced at the Madrid mint under the supervision of Tomás Francisco Prieto.
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Carlos III came to the Spanish throne in 1759 having already ruled Naples and Sicily for over two decades, bringing with him a reformist Bourbon sensibility that eventually reshaped colonial minting policy. The "1st type" designation distinguishes this issue from the revised portrait coinage introduced after 1772, when the Ordinance of Intendants triggered a wholesale reform of Spanish American mint standards and forced design standardization across the colonial network — making this type a product of the last unreformed decade of Habsburg-influenced Bourbon coinage practice.

Madrid production for domestic circulation during this period was frequently interrupted by silver supply bottlenecks tied to fluctuating remittances from New World mints.

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