Auction Highlight: 8 Escudo, 1687/3
Soler y Llach Auctions – Auction 1132 Part 1 (October 25th, 2023), Los 385. (Starting bid: 15.000€)
The production of 8 Escudos in Segovia during the reign of Charles II was a complex and relevant process in the numismatic context of the time. The demand for gold to finance the wars and the expenses of the Crown during his reign had an impact on its production. The devaluation of the metal, due to its constant extraction and use, led to a reduction in the real gold content of the coins, affecting their intrinsic value and generating concerns about the quality and stability of the monetary system. The Segovia Mint had to face technical and logistical challenges to ensure adequate and efficient production, as well as the need to maintain quality standards in the coins and guarantee uniformity of weight and grade, crucial to preserve confidence in the Spanish monetary system. For this reason, these coins represent the legacy of an era marked by the economic and political importance of Spain on the international scene and keep alive the memory of an era marked by the majesty and complexity of the House of Austria.
(text translated from the original lot description)
This 8 Escudo will be auctioned at Soler y Llach Auctions in the Auction 1132 Part 1 on October 25th under Lot Number 385. The starting bis is 15.000€.
This lot at Numis24:
