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.
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 Gold Escudos not only offer beautiful designs known all over the world that are backed by the central governments and sovereign mints. They offer great value when compared to other rare coins.
Gold Escudos are impressive gold coins containing nearly 4/5th of an ounce of pure gold. Along with their high gold content, they are old—dating back to the early 1700s and into the mid-1800s. 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 1790s 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.
To make sure you are getting the finest rare world coins you need to FIRST make sure that they are certified by a 3rd party grading services like the NGC and PCGS. They record and give accurate data in determining the rarity of the coins. Second you need to talk to a knowledgeable and reputable dealer like a rare coin advisor at Austin Rare Coins & Bullion. They have an impeccable reputation in the rare coin market with some of the finest rarities known in the world ---they also have also a perfect A + rating from the Better Business Bureau!
It is no mistake that Austin Rare Coins is Celebrating 30 years in business in 2019 because they have learned that by offering one-on-one investment advice you can save investors thousands of dollars, and expensive mistakes made by inexperienced beginners.
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.
Austin Rare Coins & Bullion has been an industry leader in physical precious metals & rare coins since 1989. We've completed over $1 billion in trusted transactions. Located in Austin, Texas, we have an impeccable industry reputation, rated A+ by the BBB.
Our Austin Advisors specialize in constructing balanced and diversified hard asset portfolios with a strict focus on safety, security, and privacy. This gives peace of mind to our clients; many who are affluent, high net worth individuals and investors.