8 Escudos - Luis I

Luis I reigned for just seven months in 1724 before dying of smallpox in August, making his coinage among the shortest-reigned issues in Spanish colonial-era gold. His father Philip V had abdicated in January of that year — reportedly exhausted and suffering from severe depression — only to reclaim the throne upon Luis's death, an almost unique double-reign in Bourbon history.

Calicó 3 is the scarcer of the two known varieties for this type.