8 Reales - Felipe V

Felipe V inherited the Spanish throne in 1700 as the first Bourbon king, triggering the War of the Spanish Succession — a conflict that lasted until 1714 and stretched the colonial minting apparatus to its limits. Mexico City continued striking cob-style macuquina coinage throughout, the same irregular hand-hammered technique that had been standard since the sixteenth century, while European mints were already shifting toward milled production.

The transition away from macuquina was formalized by royal decree in 1728, which mandated mechanically milled coinage across all Spanish colonial mints. That order effectively ended this type.