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2 Reales - Felipe V Madrid

Issuer Royal Mint of Spain (Real Casa de la Moneda)
Year 1711
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Value 2 Reales
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Obverse script Latin
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Reverse description Bold plain cross dividing the field into four quarters, each containing alternating castles and lions representing the arms of Castile and León, the entire design enclosed within an ornate polylobed (octolobe) inner border evoking the traditional Habsburg cross coinage style. The date 1711 appears at the top of the surrounding circular legend, which reads HISPANIARUM REX. A milled outer border frames the design.
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Felipe V's hold on the Spanish throne in 1711 was anything but secure. The War of the Spanish Succession was grinding through its eleventh year, with the Archduke Charles of Austria having actually seized Madrid twice — forcing the Bourbon court into temporary exile. Coinage from the Madrid mint in this period is genuinely scarce; the city changed hands under military pressure, and normal mint operations were repeatedly disrupted between 1706 and 1712.

Cal#1241 places this among the cob-era transitional issues preceding the milled coinage reforms Felipe V would mandate in 1728.

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