Spain. Carlos III. Medio Escudo Acuñado en la ceca de Madrid en el año 1787. Ensayador D·V (No reserve price)

The Medio Escudo coin minted in Madrid in 1787 during the reign of King Carlos III is an important specimen of Spanish colonial silver coinage. Carlos III ruled from 1759 to 1788 and was known for his enlightened reforms, patronage of the arts, and strengthening Spain's economic position. The Escudo was a gold coin, but the Medio Escudo (half Escudo) was more accessible and circulated widely. Mint marks and assayer initials, such as 'D·V,' identify the mint officials and origin, essential for authentication. Coins from this era display classic Spanish design elements with royal portraits and coat of arms, reflecting imperial authority. Collectors value these coins for their historical significance, artistry, and role in the Spanish monetary system before the introduction of the peseta.