1642-1663 Bogota Colombia 2 Escudos NGC XF40
Item #CC-1043 | 1642-1663 Bogota Colombia 2 Escudos NGC XF40
Mint: Bogota
Assayer: R – Pedro Ramos
Ruler/Period: King Philip IV
Grade: XF40
For details and population on this coin from NGC, click on the serial number here: 8238077-017
Description: This is a beautiful 2 escudos struck at the Bogota mint under assayer Pedro Ramos. During the 17th Century, Spain produced many escudos at the Bogota mint from gold mined around South America, many of which were these 2 escudos. Most examples look hurried and sloppy, which much of the die’s intended details obscured or off strike. This example is a well centered coin boasting a nearly full shield, assayers mark “R”, and a full cross within the quatrefoil on the reverse. The tone on the surfaces indicates this coin spent time in the soil, which over many years will tone gold slightly. With only 23 examples having been graded of this variety by NGC, this is a highly desirable coin in any grade and a must have for any collector.
Beginning in the early 16th century, the Spanish Empire emerged as the world’s dominant global power, fueled by vast silver and gold resources from the Americas. To manage this wealth, Spain established major colonial mints, starting with the Mexico City Mint in 1535, followed by others such as Lima and Potosí. Early Spanish coins were hand-struck silver cobs, including the famous 8 reales, which became the first truly global currency, circulating throughout Europe, the Americas, Africa, and Asia. By the late 17th and 18th centuries, Spain transitioned to milled coinage with more precise designs to combat fraud and debasement. Spanish imperial coinage not only financed wars and trade but also shaped the foundations of the modern global monetary system.
In stock
$6,000.00
