Gold 24k Escudo Coin Colonial Spanish American Period.
A genuine Spanish Escudo coin, circa late 16th. century or early 17th. century, possibly from the time of Spanish King Phillip II or from King Phillip III. The assymetrical position of the cross on the one side and the shield on the other side adds to the impression of its authencity as a relic of at least the 17th. century or earlier. In his volume Gold Coins of the World: Third Edition , published in 1971 when gold was worth approximately $37.44 per ounce, the coin is referenced on page 351. The superscripted 'M' next to the shield appears to have been a mintmark indicating the coin was minted in Madrid, Spain, and thus travelled across the Atlantic aboard the Spanish galleons that travelled to the Spanish colonies in the New World. A number of shipwrecks occured during the era in which Spanish galleons travelled to the New World, often yielding a rich bounty in sunken treasures that included Spanish gold escudos. One such shipwreck, off the coast of Equador in the late 1500's, yielded a treasure trove deemed to be worth hundreds of millions of dollars. This gold escudo, along with many others, may well have been the relic of such a sunken treasure. Diameter of the coin is approximately 1.6 centimeters ( .629 inches). To all customers in the United States: FREE SHIPPING on this item. Free shipping NOT available for buyers outside the United States. No reasonable offer refused. Item being sold to raise funds for a $7,000.00 Paradigm insulin pump and other medical expenses and of our senior pastor who is suffering diabetic blindness in his left eye. Our fundraising needs also now include the replacement of our mission chapel in Pennsylvania, destroyed in a fire by arson on Sept. 22, 2008. The press release is available for viewing in this store's 'links' section at the bottom of the store's home page.