Spain - Carlos III (1759-1788). 4 Escudos 1786. Madrid. DV. — 13.38g 21kt Gold Investment & Historical Highlight: A rare opportunity to acquire a substantial 18th-century Spanish gold coin that doubles as a high-value bullion investment. This 1786 4 Escudos, also known as a "Half Doubloon," contains .875 fine gold (21 Karat). With a total weight of 13.38 grams, this piece holds significant intrinsic value in today’s strong gold market (approx. €1,600+ in melt value alone), while offering the prestige of Spanish colonial history. This specimen was struck at the prestigious Madrid (M) mint under the reign of King Carlos III. It features the iconic draped and armored bust of the monarch on the obverse and the crowned royal coat of arms on the reverse. * Mounting: A professional gold suspension ring is soldered to the top, allowing the coin to be worn as an elegant pendant. * Detail: Despite the mount, the coin exhibits sharp relief, clear legends, and a strong date (1786). * Purity: Struck in .875 gold (21k), a standard for Spanish colonial "investment" coinage of the era. Technical Specifications * Year: 1786 * Mint: Madrid (M) / Assayer: DV (Domingo Antonio López and Vicente Campos González). * Total Weight: 13.38 grams * Gold Purity: .875 / 21 Karat * Approx. Fine Gold Content: ~13g (Coin only) + Ring weight * Reference: Calicó 1790 / KM# 418.1a Expert Note for Bidders: While most 4 Escudos are found in private collections, mounted examples are highly sought after by those looking for "wearable wealth." The combination of a high-purity gold floor and the 240-year-old history of the Spanish Empire makes this a defensive asset for any portfolio. Please see the images as these form part of the condition report. All items are sent by registered mail or courier with full tracking.