Spain 1719-M F 8 escudos

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Aureo sale 242, lot 176
The specimen shown was lot 176 in Aureo y Calico sale 242 (Barcelona, March 2012), where it sold for 13,000 € (about US$20,183 including buyer's fees). The catalog description[1] noted,
Felipe V (1700-1746). 1719. Madrid. F. 8 escudos. Tipo Cruz. Primera moneda de 8 escudos conocida con la ceca como M coronada. Levísimas rayitas. Parte de brillo original. Muy rara. MBC+. La primera onza de Madrid acuñada con “máquina” es de 1710. Pero ésta se estropeó y se siguieron acuñando piezas macuquinas hasta 1714. En 1719 se remprendió definitivamente la acuñación normal tras la incorporación de la ceca madrileña a la Corona. Para entonces la M que indica la ceca aparecerá coronada, y el Toisón y la estrella del Espíritu Santo colgarán de nuevo del collar de eslabones. (Philip V (1700-46), eight escudos of 1719, Madrid mint, cross type, first eight escudos with the crowned M mintmark. Light scratches, some luster, rare, choice extremely fine. The first onza struck by the press is dated 1710, however it damaged the machinery and cobs followed until 1714. In 1719, striking resumed with the incorporation of the Madrid mint as royal property. This was noted by the addition of the crown to the mintmark and the Order of the Golden Fleece added to the royal arms.)"
This eight escudos was struck 1719-29 in Spain at Madrid and Seville, with the Madrid issues quite a bit rarer than those of Seville. This well struck, nicely centered coin may be contrasted with the crude cobs being minted at the Latin American mints, where screw presses were not installed until the 18th century.

Reported Mintage: unknown.

Specification: 27.07 g, .917 fine gold, .798 troy oz ASW.

Catalog reference: KM 316, Cal. 75, Cal.Onza 365.

Source:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, vol. 1, Madrid: Cayón9-Jano S.L., 2005.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • Krause, Chester L, and Clifford Mishler, Standard Catalog of World Coins, 1701-1800, 5th ed., Iola, WI: Krause Publications, 2010.
  • [1]Sisó, Teresa, Eduardo Domingo and Lluís Lalana, Selección de 500 Monedas, Medallas y Billetes, Barcelona: Aureo y Calicó Subastas, 2012.

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