Charles & Joanna - Gold Escudo - Set in 18k with Abalone Shell Accents

'A single example ranks higher at NGC'

Denomination: 1 Escudos                                                          

Reign: Charles and Joanna

Date:  Never dated Circa (1516-1556)                                          

Mint: Seville, Spain

Weight: 3.35 gm

Grade: NGC – 2139628-016 - MS 64

Mount:  18K Gold with Abalone inlay on the prongs and bale

Description: Charles & Johanna gold Cob Escudo Not dated (likely after 1543). ‘A very nice coin in hand, as indicated by the near-Gem designation. The strike to the interior motifs was quite bold, impressing a depth hardly ever seen in the Spanish Cob Escudo series. Original luster still blooms around the surfaces, along with a hint of terracotta tone. A single example ranks higher at NGC. Obverse:    Reverse

History:  The Seville Mint (Spanish: Casa de la Moneda de Sevilla) was one of the seven main mints of Castile authorized to continue after 1497 by the Catholic monarchs, the rest being closed. The earliest coins minted in Seville date back to Roman times, around 15 B.C. Later, the Visigoths minted from the year 621, the Arabs after 1060, and the Christian kings from 1252. The New Mint was built in the Atarazanas orchards, next to the river and a few steps from where the colonial fleets arrived with the metals. During the reign of Felipe II, the House of Seville processed 72% of all the silver, and 87% of all the gold minted in the Iberian Peninsula, leaving the other mints almost without work. The Ordinance of 1730 for the centralization of mints eliminated all except those of Madrid and Seville, which would mint only silver and gold, and Segovia, which would be dedicated to striking copper coins. In 1861 the new Madrid factory was inaugurated and in 1869 the houses of Seville, Segovia and Jubia were closed, their equipment being sold at public auction. The House of Seville was divided into three parts and sold in 1870; a total of more than ten thousand square meters sold for about 244 thousand escudos.

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