Description:This Spanish gold escudo coin was minted in Seville Spain during the rule of King Philip II, from the House of Habsburg. The obverse of this coin features a Jerusalem cross within a quatrefoil and the reverse depicts the Philip II coat of arms, with Seville "S" and assayer "B" mintmarks. During his reign, Spain reached the height of its influence and became the foremost global power. This was the "Golden Age of Spain", with its territories and colonies in Europe, the Americas, Asia and Oceana.
With the discovery of untold riches that were mined in the Americas, the Spanish and their mighty galleon fleets, were the premier supplier of gold and silver coins for the world. This vastly increased the shipping trade and made many merchants wealthy, both in Spain and in the Colonies. However, during this adventurous age, it was inevitable that large amounts of Spanish treasure would be lost on land and at sea due to pirates, storms and other unforeseen misfortunes.
Spanish gold coinage of this historical period was decreed by the King to be 22 karats and were hand struck from dies and cut to weight. Minted in five denominations in gold, the largest was the 8 escudos, however the 2 escudos was famous in the colonies and among pirates as a "doubloon”. A common working man at this time would have to work 4 months to earn a single doubloon.