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| Issuer | Casa de Moneda de México |
|---|---|
| Year | 1732 |
| Type | Coin pattern |
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| Obverse description | Central field features the quartered Royal Arms of Spain surmounted by a large ornate crown, displaying the castles of Castile and lions of León in the principal quarters with the Bourbon fleur-de-lis in the inescutcheon, all rendered in high relief. The crowned shield occupies the majority of the coin's face and is characteristic of the early pillar coinage reform style. A circular legend in Latin surrounds the central device, reading PHILIP.V.D.G.HISPANETIND.REX, identifying the monarch as Philip V, by the grace of God, King of Spain and the Indies. The lettering is executed in Roman capitals and follows the scalloped inner border of the coin's perimeter. The overall style reflects the transitional milled coinage introduced at the Mexico City Mint in 1732. |
|---|---|
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| Obverse lettering | PHILIP.V.D.G.HISPANETIND.REX |
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| Additional information |
The 1732 Mexico City Mint pattern marks the transition point between the old macuquina (cob) coinage and the newly mandated milled coinage ordered by Felipe V. The Royal Decree requiring uniformly struck, milled coins for all Spanish colonial mints came in 1728, but implementation lagged — Mexico City's first official milled reales entered circulation in 1732, making this pattern a direct product of that administrative pressure.
The half real denomination was the smallest silver coin in regular colonial production, and patterns at this size are considerably scarcer than those of the larger denominations tested during the same transition period.