2 Reales - Felipe V Cuenca

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.