Is this a Spanish cob? And around what date?
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Thanks for the detailed explanation.You may have a relatively rare coin.
Some history.........
Philip V ('PV') ruled Spain twice, first during the period 1700 to January 14, 1724, then again from Sept. 6, 1724 to his death in 1746. During the period between January and (actually) August 31, 1724, his eldest son, Luis I ruled. (Luis I became king after his father, 'PV' . abdicated the throne; but Luis I died from smallpox in the same year.) As you might imagine, coins from this 8-month reign of Luis I are rare and command a higher value.
What helps (not determines) to separate the 1/2R coinage between those minted during Philip V or Luis I reign is the mintmark. The assayer 'D' was only the assayer between the years 1724 and 1728; and Luis I ruled only during the year 1724--so 'D' was the only assayer during the reign of Luis I. Assuming 'D' is the assayer's mark, then the OP's coin was minted between 1724 and 1728; hopefully, only during the reign of Luis I.
Coins with the 'D' assayer mark are sometimes marketed as belonging to Luis I; however, they could also be credited to Philip V, during PV 's second term from 1724 to 1728.
Don in SoCal
Awesome!!!! Congrats!!!Is this a Spanish cob? And around what date?