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>> Ancient Spanish Coins - #Mexico-30168
1540-1556 Spanish COB
Coin Type :SPANISH COB Date : CA 1540-1556
Denomination :ONE REAL Assayer :N/A
Ruler :CARLOS AND JOHANNA Metal :SILVER
Mint :MEXICO CITY Country :MEXICO
Certificate Number : 30168
CARLOS AND JOHANNA - 1536-1555
Carlos was the son of Philip I, king of Castile and Johanna the Mad. Johanna was the third child of Ferdinand and Isabella and succeeded to the throne upon the death of her father in 1516. Due to Johanna’s mental illness Carlos was formally recognized as king co-jointly with his mother in 1518; therefore she never was effectively involved in the rule of Spain. Carlos ruled as both Carlos I King of Spain and Carlos V, Holy Roman Emperor.
Carlos maintained an untiring interest in Spain’s New World possessions. He worked to encourage the expansion of New Spain and establishment of better relations between the native and their conquerors in the recently dominated lands of Peru and Mexico. The gold from the Indies did not add up to any sizable sum at this time and the spiraling debt brought on by the increasing expenses of war and expansion had reached 7,000,000 livres by 1556. It was in 1550 that 17 Spanish ships arrived, providing the king with 3,000,000 ducats and some measure of financial relief.
During the reign of Carlos and Johanna the first mint in New Spain was established in Mexico City in 1536. Silver coinage was initially authorized in denominations of 3, 2, 1, ½ and ¼ reales. Later in 1537 a 4 reales denomination was authorized.
Carlos married Isabella, daughter of Emanuel, King of Portugal, by whom he had a son and two daughters. Johanna died in 1555; Carlos abdicated in favor or his son Philip in 1556. He died in September 1558 at the monastery of Yuste.
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