2 Reales - Felipe V Seville

Felipe V ascended the Spanish throne in 1700 as the first Bourbon king, triggering the War of the Spanish Succession — a conflict that ran the entire length of this coin's production window and drew in virtually every major European power. The Seville mint continued striking throughout, though wartime disruptions to silver shipments from the Americas created intermittent supply problems that show up in the documentary record.

Seville cob coinage of this period was produced using the macuquina method — hand-cut planchets hammered between dies — making each piece irregular in shape and weight. The Bourbon administration was already pushing to modernize minting toward milled coinage, a transition that would render this type obsolete by the second decade of the century.