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Gold Escudos

Gold escudos were introduced as early as 1535 and for centuries became the dominant coin in Spain, Portugal, and their colonies. The 2 escudo coin became known as a "Doubloon" with the face value of 2 scudi.

Spain and its colonies minted escudos in denominations of 8, 4, 2, 1, and 1/2 escudos. At the time gold escudos were valued at 16 times that of the silver reales coins

These large and beautiful Spanish escudos were circulated widely throughout the world, including through the U.S. and Canada. They were minted in Spain, Bolivia, Chile, Columbia, Dominican Republic, Guatemala, Mexico, Panama, and Peru.

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If you’re looking for an overlooked, undervalued area of the rare coin market, we strongly suggest taking a look at gold eight escudos from Spain and it’s many colonies such as Mexico, Colombia, and Bolivia, just to name a few.

These impressive gold coins are large in size, containing nearly 4/5th of an ounce of pure gold. Along with their high gold content, they are old—dating back to the early 1700’s and into the mid-1800’s. Taking it a step further, these coins are fundamentally rare—with most issues having under 100 coins certified in all grades combined by PCGS and NGC-the top graders of world coins.

Best of all, these coins trade at a fraction of the price when compared to US gold from this era. Whereas a large US $10 Eagle from the 1790’s would cost you six-figures in MS-63 condition, an 8 escudo in the same grade will be dozens of times rarer and can be had for a tenth of the price. They appear to be a great deal to us at current levels and a lot of our US and ancient coin collectors are beginning to realize the long-term value in the gold escudo market.

If you have questions or would like to hear about our latest gold escudo inventory, check out the world coin section on austincoins.com or call 1-800-928-6468 for expert advice. Thanks for learning about gold escudos from Austin Rare Coins and Bullion.

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