8 Reales - Felipe V

Felipe V reclaimed the Spanish throne in 1724 after his brief, voluntary abdication in favor of his son Luis I — who died of smallpox after just seven months. The Lima mint struck these macuquina-style cobs throughout this second reign, a period defined more by his wife Isabel de Farnesio's political ambitions than by Felipe's own increasingly erratic mental state.

By the 1730s, the cob coinage was already being phased out across Spanish America in favor of milled macuquinas. Lima's transition came later than Mexico City's, and the irregular flan shapes of this type reflect a production method already considered obsolete when these pieces were struck.