2,000 PESETAS face value coin (8 reals, silver)
Weight: 27 grams
Diameter: 40 mm
Form: Circular with striated edge
Mintage struck: 15,000 pieces
OBVERSE: In the center of the field is a reproduction of the reverse side of an 8 real silver coin of King Phillip II, struck in Segovia. Surrounding the central motif is the legend CASA DE LA MONEDA DE SEGOVIA above; and 2001, the year struck, below. In the Ordinance of 1596 for the Royal Segovia Mill Mint, Phillip II authorized 4 and 8 real coins to be struck by anyone, greatly reducing production time, while at other mints private individuals were required to strike their metals in ½, 1 and 2 real pieces only.
REVERSE: In the center of the field is the image of a worker producing a hammer struck coin, such as at the Old Segovia Mint. Surrounding that central motif is the legend 2,000 PESETAS above, and ESPAÑA below; on the lower left an aqueduct (Segovia mintmark), and on the lower right a crowned M (Madrid mintmark). Coin production by the hammer struck method - same used to strike the first coins around 640 B.C. - was practiced in all Spanish mints except the Royal Mill Mint, until the XVIII century. The Old Segovia Mint, restored by King Henry the IV in 1455, only procuced coins by the hammer method, through its last piece issued in 1681. During almost 100 years, Segovia had two separate minting facilities, using two completely different technologies to produce coins.