1 Escudo    (sold for $587.0)

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1597, Philip II of Spain. Scarce Gold Escudo Cob Coin. 3.41gm!

Mint place: Seville
Denomination: Escudo
Assayer: Juan Vicente Bravo (B)
Ruler: Philip II (Felipe II) of Spain.
Mint Period: 1592-1597 (date not recognizable)
Condition: Struck with rusty dies, otherwise about XF!
Reference: Friedberg 178 ($1200 in VF!), CCT 73, KM-. R!
Diameter: 17mm
Material: Gold!
Weight: 3.41gm

Obverse: Cross potent within polylobe, without inward-facing lis-symbols. Four annulets in outer fields.

Reverse: Crowned spanish coat-of-arms. Mint (S) and assayer (B) letters to left.

For your consideration a very rare spanish escudo gold cob coin, struck at the Seville mint under Philip III of Spain during 1592-1597. A rare and 100% authentic gold escudo cob coin!

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.

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Price
This coin has been sold for   $587.0

Notes: http://www.ebay.com/itm/151316958036 Sun Jun 08 00:00:00 UTC 2014

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Posted by: anonymous
2014-06-09
Coin Group
 Denomination: 1 Escudo
 Metal: Gold
 State: Spain
Habsburg Empire (1526-1804)
 Person: Philip II of Spain (1527-1598)
 Catalog reference:
  Fr-178
 
Description:   English
Coin variations: 8 instance(s)
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