Spanish silver escudo

The Silver Escudo (Escudo de Plata) was the standard unit of currency in Spain between 1864 and 1868. It should not be confused with the earlier gold escudo, worth four times as much.

The escudo replaced the real at a rate of 10 reales = 1 escudo. It was itself replaced by the peseta, at a rate of 2½ pesetas = 1 escudo, when Spain joined the Latin Monetary Union.