Spain, Charles III (1759-88), gold Half Escudo, 1786-DV, Madrid mint, third issue, bare head right, date below, Latin legend and toothed border surrounding, CAROL. III. D. G. HISP. R., rev. crowned coat of arms centre, mint letter M left, D.V. right, edge reeded, 0.875 gold, 1.73g (KM 425.1; Cal. 778). Toned with circulation wear, thin diagonal scratch across obverse, otherwise fine.

The Spanish legend translates as “Charles the Third by the Grace of God, King of Spain.”