Incredible coin looks brand new even though it is from 1788 This 1788 Spanish Carlos III 1/2 Escudo coin is a beautiful piece of history. Crafted in gold with a fineness of 0.875, this coin was circulated and has the character to prove it. It features the Escudo denomination and was manufactured in Spain during the late 18th century. This coin has not been certified, but its authenticity is undeniable. A must-have for any serious collector of Spanish coins.