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Historical Background
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Philip II (1556-1598). 2 escudos. 1594. Sevilla. B. (Cal-850). (Tauler-49). . 6,75 g. Mint, denomination, and assayer to the left of the shield; date vertically positioned to the right, with the last digit clearly visible. This is an extremely rare piece: it is the third known example of this date that we have been able to document at auction and the second of this denomination. Slabbed by NGC as VF 35, although the date does not appear on the holder.
For reasons still unknown, the production of precious metals at the Seville mint in 1594 was abnormally low. In silver, only 3,799 kg were struck that year—a figure significantly below the output of the immediately preceding and following years: 113,339 kg in 1591, 96,410 kg in 1592, 101,223 kg in 1593, 193,450 kg in 1595, and 98,176 kg in 1596.
Gold coinage also experienced a sharp drop in 1594: merely 754 kg were minted, compared to 4,083 kg in 1591, 2,645 kg in 1592, 2,940 kg in 1593, 8,132 kg in 1595, and 2,476 kg in 1596.
Gold coins from Seville dated 1594 are exceedingly rare. Tauler only lists a single 2 escudos piece sold by Heritage Auctions in June 2007 (Tauler 049) and a 4 escudos example auctioned by Áureo & Calicó in their 2017 Selección sale. Est...2500,00.
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