1606/593 Spain Philip III Gold Cob 2 Escudos PCGS MS62 The Finest Known

Description

1606/593 Spain Philip III Gold Cob 2 Escudos PCGS MS62 The Finest Known.
Mint Place: Granada
Denomination: Gold 2 Escudos
Mint Period: 1598-1621 (not dated type)
Reference: Friedberg, Calico Rare!
Condition: Certified and graded by PCGS MS62
Material: Pure Gold!
Diameter: 25mm
Weight: 6.68g
Obverse: Cross of Jerusalem within quatrefoil with inverted leaf terminals. Annulets in outer fields. All within pelleted border.
Legend: + HISPANIARVM REX
Reverse: Coat of arms of the Spanish line of the House Habsburg. Mint letter (S) above assayer initial (gothic D) to left, value (.II) to right. All within pelleted border.
Legend: PHILLIPVS ° III DEI GRATIA
The first coinage of the New World and what comes to mind when we think of Pirate Treasure are pieces of eight. These first coins, often called cob coins, were made from roughly cut planchets (blanks) by striking them with hand dies. The word Cobb comes from a simplification of the Spanish phrase, Cabo de Barra, which translates as, from a bar. After the coins are struck, they are weighed by an assayer who cuts off any excess Silver which is why most coins have some of the impression cut away. Due to this method of manufacturer no two coins are alike and many are collected for their unique shapes alone. The Cobb coin, like anything that is no longer available is becoming very scarce and hence more valuable. The few remaining Coins are the last vintage of the glory days of pirates and Treasure hunting and are fast disappearing into private hands.
Guaranteed Genuine by PCGS
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