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2 Reales - Felipe V Seville

Issuer Spain
Year 1701-1711
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Value 2 Reales
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Reverse description A bold Latin cross with equal arms divides the field into four quadrants, each containing alternating castles and lions representing the kingdoms of Castile and León. The circular legend HISPANIARUM REX with the date 1704 runs along the periphery, separated by decorative stops. The design is enclosed within a beaded inner border and a milled outer edge characteristic of early Bourbon milled coinage from the Seville mint.
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Edge Milled
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Additional information

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.

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