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8 Escudos - Felipe V Madrid

Issuer Royal Mint of Spain (Real Casa de la Moneda)
Year 1711-1714
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Shape Round
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Obverse description Central field displays the quartered royal arms of Spain — castle and lion quarters with Granada in base — surmounted by a large royal crown. The mint mark M appears to the left of the shield, and the assayer initial J with the denomination numeral 8 to the right. A partial circular legend in Latin surrounds the design, reading PHILIPPVS V D GRATIA. The overall style is characteristic of early 18th-century Spanish milled coinage, with bold relief and a slightly irregular flan.
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Obverse lettering PHILIPPVS V D GRATIA M J 8
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Felipe V's early Madrid gold coinage occupies an awkward moment in Spanish minting history — the War of the Spanish Succession was still being fought, and the legitimacy of the Bourbon claimant remained contested across much of Europe. These pieces were struck while Austrian Habsburgs simultaneously issued rival coinage, both sides minting gold to pay troops and secure alliances. The Madrid facility during this window was operating under considerable political pressure to produce high-denomination gold that projected royal authority.

KM#294 is known for inconsistent planchet preparation across the run, a recurring issue at Madrid in this period rather than a quality failure unique to any single year.

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