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8 Escudos - Carlos III Colonial Milled Coinage
| Issuer | Lima Mint |
|---|---|
| Year | 1772-1784 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Mint | Lima Mint (Lima, Peru) |
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| Additional information |
Carlos III's monetary reforms of 1772 mandated a new milled coinage across all Spanish American mints, replacing the cob-cut macuquina that had dominated colonial circulation for over a century. Lima was among the first colonial mints to comply, though early production under the new standards was inconsistent — the assayers' initials on pieces from the opening years of this issue shift between combinations that collectors now use to sequence die production.
The eight-escudo denomination served primarily as a trade and reserve instrument rather than everyday currency. Much of Lima's output moved directly into merchant accounts or onto Manila galleons before ever touching local hands.