2 Reales - Philip V Seville, 2nd type, DEI · G

Philip V spent the first decade of his reign fighting the War of Spanish Succession, and the monetary infrastructure he inherited was in disarray — the Seville mint had been producing debased coinage under the old Habsburgs, and the 1718 "2nd type" issues reflect the gradual Bourbon-era reforms imposed to standardize fineness and bring Spanish silver in line with French monetary expectations. The DEI · G legend variant tracked by Calicó under references 1420 and 1421 represents a die distinction meaningful enough to catalog separately, suggesting the Seville engravers were working from at least two independently cut punches during this transitional period.