Spain 1777-M PJ 1/2 escudo
"Carlos III (1759-1788). 1777. Madrid. PJ. 1/2 escudo. Restos de brillo original. MBC/MBC+. (half escudo of 1777, Madrid mint. Some original luster, very fine.)"This type was struck in Madrid 1772-85 (KM 415.1) and Seville 1773-83 (KM 415.2) and is not especially rare tho choice specimens are always in demand. Half escudos were struck in metropolitan Spain 1738-97 in considerable numbers and are quite a bit more common than their silver equals, the eight reales. This is opposite from Latin America, where silver pesos were minted in vast quantities but half escudos would not be minted until the reign of Ferdinand VII. Assayer PJ is listed for 1765-81.
Recorded mintage: unknown.
Specification: 1.69 g, .901 fine gold, .049 troy oz AGW.
Catalog reference: KM 415.1, Cal. 771.
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