8 escudos “Royals” are probably the most impressive -and for sure the most expensive- of all Spanish colonial coins. They are all really beautiful, most of the specimens known are very well preserved and most of them come from the same shipwreck. We know 8 escudos “Royals” from 13 different dates. Some of these dates present specimens that are considered unique, while for other dates a few specimens are known to exist (such as 1702). Summing them all, there are no more than 50 specimens known.
Regarding the price, the best reference is this specimen hammered by the same auction house in 2015 for 210.000 euros. In the Caballero Collection (2009) a similar specimen was sold for 150.000 euros. However, all the other uncirculated 8 escudos “Royals” in the Caballero Collection were hammered for 190.000 euros or more. Therefore, I consider that the specimen that is now offered worths at least 200.000 euros.
Description from the seller
1702. Felipe V. México. L. 8 escudos. (Cal. 87) (Cal.Onza 377). 26,97 g. Acuñación para presentación real. Procedente del Tesoro de la Florida. Bellísma. Brillo original. Extraordinariamente rara. S/C.