Philip IV Gold Cob 8 Escudos ND (1631-1637) MD-M AU55 NGC – A Madrid-Minted Rarity from Spain’s Golden Age
A Coveted Madrid-Minted 8 Escudos
This exceptional Philip IV gold Cob 8 Escudos (KM136.1, Cal-Type 398) is a rare and highly desirable piece, struck at the Madrid mint, a significantly scarcer origin than the more commonly encountered Seville issues. Weighing 27.23 grams, this coin proudly displays a full denomination, assayer’s mark, and a discernible Madrid mintmark—an extraordinary combination given the often crude and irregular strikes of the period. The well-defined cross remains a focal point of the design, complemented by the usual peripheral flatness typical of Spanish peninsular coinage.
Philip IV and the Challenges of the Spanish Empire
Philip IV reigned from 1621 to 1665, a period marked by both artistic flourishing and geopolitical turmoil. While Spain remained a dominant world power, his reign saw the empire stretched thin due to prolonged wars, including the Thirty Years' War (1618-1648) and the Eighty Years' War (1568-1648) against the Dutch. Domestically, economic decline and inflation plagued the kingdom, yet the production of gold escudos continued as Spain relied on New World riches to finance its military campaigns.
Madrid vs. Seville: A Rarity in Spanish Gold Coinage
Seville was the primary hub for gold coin production in Spain due to its direct connection with the Spanish treasure fleets arriving from the Americas. In contrast, Madrid-minted gold escudos are considerably rarer, as Madrid’s role in coinage was far smaller and focused more on administrative functions rather than large-scale minting. As a result, Madrid-struck 8 Escudos are highly sought after by collectors, adding to this piece’s desirability.
A Testament to Spain’s Numismatic Legacy
This coin embodies the grandeur of Spain’s Golden Age, when Spanish gold circulated across the world, from Europe to the Americas and beyond. Despite the challenges faced during Philip IV’s reign, the kingdom’s coinage remained a symbol of Spain’s global influence.
With its scarce Madrid mintmark, strong details, and historical significance, this Philip IV 8 Escudos is a true numismatic treasure—offering collectors a chance to own a rare and remarkable piece of Spanish imperial history.