8 Reales - Felipe V Seville

Felipe V spent much of his early reign fighting to keep the Spanish throne he'd inherited in 1700, with the War of the Spanish Succession grinding on until 1714. By 1718, his administration was deep into the Alberoni reforms — Cardinal Giulio Alberoni's aggressive restructuring of Spanish finances and military capacity that would shortly provoke another war with the Quadruple Alliance. The Seville mint was one of the busiest suppliers of colonial-bound silver throughout this period.

Seville cobs and milled coinage of this type regularly made their way into the Atlantic trade system, with significant quantities lost in the 1715 treasure fleet disaster off Florida just three years prior to this strike.