Real Casa de la Moneda de Madrid

The royal court mint, established after Madrid became the permanent Spanish capital — and the only Spanish mint to survive into the modern era.

History

Madrid became the permanent seat of the Spanish court in 1561, but it did not gain its own royal mint until 1614, when Philip III authorized the establishment of a Casa de la Moneda in the capital. From that point forward, Madrid struck coinage for the crown alongside the older provincial mints at Seville, Toledo, Segovia, and Valladolid. Madrid's identifying mintmark is the crowned "M" — a stylized capital M topped with a small crown — which became one of the most recognizable marks on later Spanish coinage. Throughout the 17th century the mint produced silver cobs and milled silver and gold under the late Habsburgs, then transitioned to fully milled Bourbon coinage in the early 18th century. Under Charles III in the 18th century, Madrid struck refined milled pillar and bust-type coinage that rivaled the output of any colonial mint. After the closure of the colonial mints with Latin American independence (1810s–1820s) and the eventual consolidation of Seville (1869), Madrid became the sole official Spanish mint — a position it still holds today as the Fábrica Nacional de Moneda y Timbre. Madrid-struck coinage is uncommon on early colonial shipwrecks (the mint only opened in 1614, after the great fleet losses of 1622), but appears on later wrecks such as the 1715 Plate Fleet and on outbound Bourbon-era vessels carrying Spanish currency west.

Notable features

Coin types

Monarch periods