Description:This Spanish gold 2 escudos coin was minted in Seville Spain during the rule of King Philip III. The obverse of this coin features a cross with crowns in the quarters all within a quatrefoil and the reverse depicts the Philip III coat of arms. From the House of Habsburg, Philip ruled during the "Golden Age of Spain" with territories and colonies in Europe, the Americas, Asia and Oceana. Under the Spanish Habsburgs rule in the 16th & 17th centuries, Spain reached the peak of its political and economic strength when its Empire became the foremost global power.
With the discovery of untold riches that were discovered and mined in the Americas, the Spanish became the premier supplier of gold and silver coins for the world. Although Spain’s mighty armada strove diligently to deliver the wealth to the King, both pirates and bad weather became such obstacles that many galleons were lost at sea.
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.