Buy a Carlos III, gold 1/2 escudo coin. This gold coin was minted at the Seville Mint in the year 1788.
Escudos are also known as Escudi, and Scudi. The half Escudo gold coins were issued at the Seville and Madrid mints in Spain during the reign of kings Philip V, Ferdinand VI and Charles III between 1738 and 1817.
During the sixteenth century, Spain was the most powerful state in Europe, and therefore the world. It was responsible for opening up much of the new world.
Escudos were a popular coin that was used for trade between many countries. Indeed, as America had no established currency at this time and relied upon foreign gold coins as currency. The Half Escudo, with a value of one dollar, was called the first gold dollar and were classed as legal tender in America until 1857.
Many of these coins were melted down to produce American gold dollars. It is estimated that less than 2% of these Spanish coins still exist so they are a must for coin collectors.
Spain's political power weakened with the defeat of the Spanish Armada in 1588, and Spain was ruled by France from 1808 to 1814. Spain became a republic in 1873 to 1874, and again in 1931. During the twentieth century Spain was wracked by civil war. The forces of General Franco were victorious, and a greater Spain emerged as a strong modern nation, and is currently an important member of the European Union.
The obverse bears a draped bust of King Charles III facing right with the legend CAROLUS III · D · G 0183 HISP · R
The reverse bears a crowned oval shield within the collar of The Golden Fleece. The S mintmark shows that the coin was minted in Seville.
|Actual Gold Weight||0.0424|
|26 June 2018||aFine||aFine||£121.45|
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their gold content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.
All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.
If your product is not a graded coin and is considered a bullion item it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes, therefore some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.
Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.
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