Struck in 1788 - the year of European Settlement

Struck from gold won by Spain’s conquests in the New World, this large, imposing Gold 8 Escudos coin is dated 1788 – the last year of the reign of Spanish King Charles III and the year of European Settlement of Australia!
Struck in limited numbers, and with so many being lost to the profiteer’s melting pot in the centuries since struck, the 1788 Gold 8 Escudos is rare and highly desirable in any grade. It is excessively rare in the upper echelons of quality – as here. Representing one of the most prestigious coin types of the Australian Proclamation Era, the example before you has been graded by NGC at AU50 – the equivalent of about Uncirculated. Historic, prestigious and rare, the Charles III 1788  Gold 8 Escudos will make a stunning centrepiece for  the serious Australian Proclamation Collection.
Ø39mm