THE HiISTORY OF SPANISH COLONIAL COINS IN THE NEW WORLD
Charles III, PICTURE LATE TO PERU

Owner Comments:

THIS COIN'S PLACE IN HISTORY
The Lima mint had not received a portrait of Charles III when it began coinage of the bust design in 1772. It was forced to use a portrait of Charles II with the legend of CAROLUS III until 1789.

DESCRIPTION:
OOBVERSE:
The obverse design has a bust of the king and a legend giving the king's name and title as, CAROLUS III DEI GRATIA (Charles III by the Grace of God) with the date 1788).

REVERSE:
The reverse design has the two Pillars of Hercules with the motto PLUS VLTRA (More Beyond) on banners, flanking the crowned shield of Leon and Castile. The legend reads, HISPAN. ET IND. REX (King of Spain and the Indies) followed by the mintmark in monogram (LM), the denomination (8) and the assayer's initials (IJ Unknown). The edge design is comprised of alternating circles and rectangles.