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2 Reales - Felipe V Cuenca

Issuer Spain
Year 1718-1726
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Diameter 27 mm
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Obverse script Latin
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Reverse description Central quartered shield within an ornate cartouche, displaying alternating castles (Castile) and lions (León) in the four quarters, divided by a bold cross. The date appears in the upper field above the cartouche. The circular Latin legend HISPANIARUM REX runs around the periphery, separated by small floral ornaments. The design is enclosed within a raised beaded border, characteristic of the milled coinage of Felipe V produced at the Cuenca mint.
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Additional information

Felipe V issued the 2 Reales through the Cuenca mint during a period when Spain was still absorbing the administrative consequences of the War of the Spanish Succession — a conflict that had only formally ended with the Treaties of Utrecht in 1713 and Rastatt in 1714. The Cuenca mint, one of Spain's older provincial houses, operated with considerably lower volume than Seville or Madrid, which accounts for the relative difficulty in finding clean examples today.

The cob-style macuquina coinage was already being phased out in favor of milled production during these years, making this transitional window unusually short.

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