Pillars and Waves Cob Replica
Obverse: The left top: L for Lima Peru Mint.
The middle top: 1 is the value of the coin (8 escudos).
Top Right: H is the assayer who purchased the right from Spain to run the mint. His stamp was assurance of the correct weigh and purity of the gold content of the coins minted. The office of the assayer was purchasable, transferable, and leasable. It was very competitive like the sale of a seat on the NY Stock Exchange.
Assayer H was Francisco Hurtado.
The most interesting part of the coin is the message in the middle three spaces, letters (P, V, A) an abbreviation for the Latin phrase “Plus ultra” and was the national motto of Spain. Associated with the Pillars of Hercules near the Straits of Gibraltar. In mythology, it marked the edge of the then known world, and the pillars bore the warning that there was nothing further beyond. This was a statement from Spain that they went beyond the Straits of Gibraltar and were rewarded with the riches of the new world.
Crowned pillars on the coin represent the Pillars of Hercules and the waves at the bottom the sea between them.
Bottom three spaces: 712 is the date 1712.
Legend around coin: PHILIPPVS·V·DEI·G·HISPANIA
Reverse: The cross is not the unbalanced crucifix type cross but a symmetrical cross that was a symbol of the union of Church and state. When the perpendicular bar was added to each extremity it was called the cross of Jerusalem.
In the four quadrants of the cross are two lions and two castles which represent the merger of the two medieval kingdoms of Leon and Castilla and later became known as Spain.
Legend around coin: PHILLIPPVS V DG, HISPANIA
Diameter: 17.5 mm
24k gold plated lead-free fine pewter.
This coin is stamped with the word copy.