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SPANISH GOLD COBS
S1. Seville, 1597 2 escudos,
rare full full date on a large planchet.
From the matrix &
coral, found on a Bahamian shipwreck lying close to the Maravillas,
very possibly a Maravillas coin.
Mint: Seville, Spain
Denomination: two escudos
Date: 1597 reign of Philip II ( 1556- 1598 )
Assayer: B
Weight: 6.74 gms
diameter: 22 mm
Obverse: Crowned Hapsburg shield with the date (1597) boldly visible
to the right. Border of dots around.
Reverse: Cross potent surrounded by quatrefoil. Fleurs-de-lis in the
angles of the cross. Four circlets surround the quatrefoil. Border
of dots.
The so-called New Coinage (Nueva Estampa) of Philip
II was undated for its first 20 years. Then, beginning in 1588 at
Seville, dated two and four escudos appeared and were issued for the
final ten years of Philip’s reign. At the end of the dated series,
assayer B struck some of the finest quality gold cobs to come from a
Spanish mint in the 16th century. This coin falls toward the end of
that final series. Calico & Trigo 71, Cayon 4131 , Fr-169.
All full date 16th century Spanish coinage is rare and highly sought
after. It is still underpriced in the marketplace.
Preservation: Marine deposits (silts)
including corals on both obverse and reverse
testify to its shipwreck origins and locate it on the Bahamian
shoals. Several older Spanish two escudos were found on the
Maravillas (1656) and, despite obvious differences, were sold in
the 1970's as Bogota coins. A well struck and
problem free coin on a large (22 mm) planchet.
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Now available. $2750.
Price on request.
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