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1598, Philip II of Spain. Early Silver 1 Real Cob Coin. Seville mint!

Mint Place: Seville (S)
Mint Period: 1556-1598
Reference: Calico Type 408, No. 662, KM-. R!
Denomination: 1 Real (1/8th of a piece of eight!)
Condition: Environmental damage (surface roughtness), mint-makde planchet split, otherwise VF+
Diameter: 25mm
Material: Silver
Weight: 3.23gm

Reverse: Cross of Jerusalem with lions and beatifully styled castles (with gates, flanked by crosslet-windows!) in quarters. All within 8-foil.
Legned: + . HISPANIARVM . REX .

Reverse: Crowned shield with royal arms. Mint initial (S for Seville) in left field, value (I) in right field.
Legend: PHILIPPVS ° II ° 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.

Philip II (Spanish: Felipe II de Habsburgo; Portuguese: Filipe I) (May 21, 1527 – September 13, 1598) was King of Spain from 1556 until 1598, King of Naples and Sicily from 1554 until 1598, king consort of England (as husband of Mary I) from 1554 to 1558, Lord of the Seventeen Provinces (holding various titles for the individual territories, such as Duke or Count) from 1556 until 1581, King of Portugal and the Algarves (as Philip I) from 1580 until 1598 and King of Chile from 1554 until 1556. He was born in Valladolid and was the only legitimate son of Holy Roman Emperor Charles V.

Under Philip II, Spain reached the peak of its power. Having nearly reconquered the rebellious Netherlands, Philip's unyielding attitude led to their loss, this time permanently, as his wars expanded in scope and complexity. So, in spite of the great and increasing quantities of gold and silver flowing into his coffers from the American mines, the riches of the Portuguese spice trade and the enthusiastic support of the Habsburg dominions for the Counter-Reformation, he would never succeed in suppressing Protestantism or defeating the Dutch rebellion. Early in his reign, the Dutch might have laid down their weapons if he had desisted in trying to suppress Protestantism, but his devotion to Catholicism and the principle of cuius regio, eius religio, as laid down by his father, would not permit him to do so. He was a devout Catholic and exhibited the typical 16th century disdain for religious heterodoxy.

One of the long-term consequences of his striving to enforce Catholic orthodoxy through an intensification of the Inquisition was the gradual smothering of Spain's intellectual life. Students were barred from studying elsewhere and books printed by Spaniards outside the kingdom were banned. Even a highly respected churchman like Archbishop Carranza, was jailed by the Inquisition for seventeen years for publishing ideas that seemed sympathetic in some degree to Protestant reformism. Such strict enforcement of orthodox belief was successful and Spain avoided the religiously inspired strife tearing apart other European dominions, but this came at a heavy price in the long run, as her great academic institutions were reduced to third rate status under Philip's successors.

However, Philip II's reign can hardly be characterized as a failure. He consolidated Spain's overseas empire, succeeded in massively increasing the importation of silver in the face of English, Dutch and French privateers, and ended the major threat posed to Europe by the Ottoman navy (though peripheral clashes would be ongoing). He succeeded in uniting Portugal and Spain through personal union. He dealt successfully with a crisis that could have led to the secession of Aragon. His efforts also contributed substantially to the success of the Catholic Counter-Reformation in checking the religious tide of Protestantism in Northern Europe.

The Philippines, a former Spanish colony, are named in his honor.