A 1785 Spanish Gold 1 Escudo Doubloon minted in Madrid.
King Ferdinand VI of Spain was the ruling monarch.
Gold Doubloons were minted in the Americas since the 17th century. These coins have been found in countless shipwrecks in the Caribbean (Pirate Coins), and circulated as legal tender in the United States until they were declared obsolete by Congress in 1857.
This coin contains .0996 Fine Troy Oz. of Gold.