Spain 1868 2 escudos 6 point star

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Aureo sale 232, lot 406
This specimen was lot 406 in Aureo y Calico sale 232 (Barcelona, February 2011), where it sold for 366 euros (about US$605 including buyer's fee). The catalog description[1] noted,
"1868*1868. Madrid. 2 escudos. Bellísima. Brillo original. Rara así. EBC+/S/C-. (Two escudos of 1868, Madrid mint, very beautiful, original luster, rare, extremely fine/about uncirculated.)"
This Spanish two escudos was part of the second decimal reform of 1864. In 1850, the 20 reales was reduced to 26.91 grams. This having proven unsatisfactory, the coinage was reformed again in 1864. The 20 reales was dropped in favor of a two escudos silver coin, reduced to 25.96 grams. One hundred centimos = one escudo. By the reform of 1870, the revolutionary government adopted the standard of the Latin Monetary Union, where one peseta = one French franc and five pesetas = 25 g of silver, .900 fine. The peseta remained in use (tho it ceased to be silver in the 1930's) until the adoption of the euro in 2001. This type was struck 1865-68. No branch mint issues are recorded.

Recorded mintage: 2,225,000.

Specification: 25.96 g, .900 fine silver, .751 troy oz ASW.

Catalog reference: Cal. 205, KM 629, Dav-335.

Sources:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón9-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • [1]Sisó, Teresa, Eduardo Domingo and Lluís Lalana, Selección de 500 Monedas, Medallas y Billetes, Barcelona: Aureo y Calicó Subastas, 2011.
  • Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.

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