Charles IV 4 Escudos

The 4 Escudos coin from Charles IV's reign was struck using gold shipped from Spain's American colonies, a vital resource that kept the treasury afloat amid European wars.

That gold often came from places like Peru or Mexico, melted down and pressed into coins that circulated as far as Europe and the colonies themselves. Designs were straightforward: the king's portrait on one side, a coat of arms on the other, with no frills to speak of. Minting occurred in Madrid and other sites, though exact locations for specific years remain murky due to poor record-keeping.

Variations exist, some with subtle die differences that only a seasoned eye might spot. I've examined dozens over the years; they hold up well, but the luster fades without care. As for rarity, it's relative—plenty survive, yet good specimens fetch a price.

One oddity: the coin's edge sometimes bears an inscription warning against clipping, as if anyone needed reminding in those dishonest times.