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2 Reales - Felipe IV Segovia

Issuer Spain
Year 1627-1659
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Weight 6.8 g
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Obverse description Central field displays the quartered Royal Arms of Spain — comprising castles of Castile and lions of León in the principal quarters, with Granada in base — surmounted by a royal crown. The shield is flanked to the left by the mintmark of Segovia (aqueduct symbol) and the assayer's initial, and to the right by the denomination mark 'II'. The circular Latin legend reads PHILIPPVS · IIII · D · G ·, distributed around the periphery. The entire design is enclosed within a finely executed rope or beaded border characteristic of Segovia's roller-milled coinage.
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Reverse script Latin
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Additional information

Felipe IV's reign coincided with Spain's slow hemorrhage of American silver — the same bullion funding his endless wars in Flanders and against the French was also systematically debased through vellón coinage manipulation, triggering the monetary crises of 1628 and 1641. The Segovia mint, powered by a royal water-driven mill on the Eresma river, was among the few authorized to strike milled coinage during this period, producing more consistently round and regular pieces than the cob issues coming out of colonial mints.

The Segovia aqueduct mark on pieces of this type is the detail most useful for attribution — its form varied subtly across die cutters active between these dates.

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