1762LM JM PERU 8 ESCUDOS

Date/Info: 1762LM JM PERU
Denomination: 8E
Grade: AU 55
Total: 19
NGC Census: 8 /4 Higher

CARLOS III
1759 – 1788

Carlos III, Son of Felipe V and of Isabel de Farnesio, was born the 20 of January of 1716. Duke of Parma and Plasencia, king of the Two Sicilies and of Naples from 1734 to 1759, date in which he succeeded the throne of Spain to his brother Fernando VI, after his death. In 1767 decreed the expulsion of the Jesuits, just as it had passed in Portugal and in France. Industrial policy broke the molds of the guilds that prevailed until then and protected private industry and the liberation of commerce with the Indies. It is also worth noting that Carlos III created the first state bank, the Bank of San Carlos, in 1782, and the first paper money, in its attempt to unify the monetary system. On December 14, 1788, at the age of seventy-three, Carlos III expired leaving his son and successor Charles VI, a policy and a renewed economy, thanks to his effective group of ministers.

“Carol III . D.G “The obverse bears a portrait of Carol III D.G. HISP. ET .IND R. (and the date), whose translation is Carlos III, king by the grace of God, of the Spain and the Indias. The plurality is due to accentuate the extensive territories that comprised the Spanish crown. The legend is separated by dots. The reverse bears the crowned Spanish arms surrounded by a decoration of the Order of the Golden Fleece. NOMINA MAGNA SEQUOR,. whose translation is, I follow the big names. To the left of the fleece and between fleurons, the mark of mint, LIMA in monogram, and to the right and also between fleurons, the acronym JM.