Item: i85373


Authentic Coin of:

Mexico under Ferdinand VI – King of Spain: 9 July 1746 – 10 August 1759
1751 Mo M Silver Real 20mm (3.38 grams) 0.917 Silver (0.0996 oz. ASW)
Reference: KM# 76.1
Certification: NGC  VF 30 2776239-001
•FRD•VI•D•G•HISP•ETIND•R• *R* *I*, Crowned arms shield flanked by value, with legend all around.
VTRA QUE VNUM •Mo•1752•M•, Crowned hemispheres flanked by pillars.

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Ferdinand VI (Spanish: Fernando; 23 September 1713 – 10 August 1759), called the Learned (el Prudente) and the Just (el Justo), was King of Spain from 9 July 1746 until his death. He was the third ruler of the Spanish Bourbon dynasty. He was the son of the previous monarch, Philip V, and his first wife Maria Luisa of Savoy.

Born at the Royal Alcázar of Madrid, Ferdinand endured a lonely childhood. His stepmother, the domineering Elisabeth Farnese, had no affection except for her own children, and looked upon Ferdinand as an obstacle to their fortunes. The hypochondria of his father left Elisabeth mistress of the palace.

Ferdinand was by temperament melancholic, shy and distrustful of his own abilities. When complimented on his shooting, he replied, “It would be hard if there were not something I could do.” Shooting and music were his only pleasures, and he was the generous patron of the famous singer Farinelli, whose voice soothed his melancholy.

Marriage

Ferdinand was married in 1729 to Infanta Barbara of Portugal, daughter of John V of Portugal and Maria Anna of Austria.

Beginning Reign

When he came to the throne, Spain found itself in the War of the Austrian Succession, which ended without any benefit to Spain. He started his reign by eliminating the influence of his stepmother and her group of Italian courtiers. As king he followed a steady policy of neutrality in the conflict between France and Britain and refused to be tempted by the offers of either into declaring war on the other.

Prominent figures during his reign were Marquis of Ensenada, a Francophile; and José de Carvajal y Lancáster, a supporter of the alliance with Great Britain. The fight between both ended in 1754 with the death of Carvajal and the fall of Ensenada, after which Ricardo Wall became the most powerful advisor to the monarch.

The Projects of Ensenada

The most important tasks during the reign of Ferdinand VI were carried out by the Marquis of Ensenada, the Secretary of the Treasury, Navy and Indies. He suggested that the state help modernize the country. To him, this was necessary to maintain a position of exterior strength so that France and Great Britain would consider Spain as an ally without supposing Spain’s renunciation of its claim to Gibraltar.

Reforms

New model of the Treasury was suggested by Ensenada in 1749. He proposed substitution of the traditional taxes with a special tax, the cadastre, that weighed the economic capacity of each contributor based on their property holdings. He also proposed a reduction of subsidies by the state to the Cortes and the army. The opposition by the nobility caused the abandonment of the project.

The bank Giro Real was created in 1752. It favored the transfer of public and private funds outside of Spain keeping all of the foreign exchanges in the hands of the Royal Treasury, enriching the State. It is considered the predecessor to the Bank of San Carlos, introduced during the reign of Charles III. Commerce was stimulated in the Americas, in an attempt to end the monopoly in the Indies and eliminate the injustices of colonial commerce. Ferdinand leaned toward registered ships rather than fleets of ships. The new system consisted of the substitution of the fleets and galleons so that a Spanish ship, previously authorized, could conduct trade freely in the Americas. This increased the revenues and decreased the fraud. Even so, this system provoked many protests among merchants in the private sector.

According to Ensenada, a powerful navy was fundamental to power of an overseas empire and aspirations of being respected by France and Great Britain. He increased the navy’s budget and expanded the capacity of the shipyards of Cádiz, Ferrol, Cartagena and Havana which marked a commitment to extending the naval policies already underway in his predecessor’s reign.

Church relations were really tense from start of the reign of Philip V because of the recognition of Charles of Austria as the king of Spain by the pope. A regalist policy was maintained that pursued as much political as fiscal objectives and whose decisive achievement was the Concord of 1753. From this the right of universal patronage was obtained from Pope Benedict XIV, giving important economic benefits to the Crown and a great control over the clergy.

King Ferdinand helped create the Royal Academy of the Fine Arts of San Fernando in 1752. The noted composer Domenico Scarlatti, music teacher to Queen Barbara, wrote many of his 555 harpsichord sonatas at Ferdinand’s court.

Foreign policy

During the War of the Austrian Succession and the Seven Years’ War, Spain reinforced its military might.

The main conflict was its confrontation with Portugal over the colony of Sacramento, from which British contraband was transferred down the Río de la Plata. In 1750 José de Carvajal helped Spain and Portugal strike a deal. Portugal agreed to renounce the colony and its claim to free navigation down the Río de la Plata. In return, Spain ceded to Portugal two regions on the Brazilian border, one in the Amazon and the other to the south, in which were seven of the thirty Jesuit Guaraní towns. The Spanish had to expel the missionaries, generating a conflict with the Guaraní people that lasted eleven years.

The conflict over the towns provoked a crisis in the Spanish Court. Ensenada, favorable to the Jesuits, and Father Rávago, confessor of the King and members of the Society of Jesus, were fired, accused of hindering the agreements with Portugal.

Death

During his last year of reign, Ferdinand VI was rapidly losing his mental capacity and he was held in the Villaviciosa de Odón castle until his death on 10 August 1759. That period of time between August 1758 and August 1759 is known in Spanish historiography as the year without a king, due to the absence of the royal figure as ruler. The cause of the disease is still debated. Some authors suggest that the king suffered a depressive episode. The death of his wife Barbara, who had been devoted to him, and who carefully abstained from political intrigue, broke his heart. Between the date of her death in August 1758 and his own on 10 August 1759, he fell into a state of prostration in which he would not even dress, but wandered unshaven, unwashed and in a nightgown about his park. Other opinion is that Ferdinand VI suffered a rapidly progressive clinical syndrome where behavioral disorganization with apathy and impulsivity, loss of judgment, and epileptic seizures of right frontal lobe semiology were predominant. This semiology is highly suggestive of a right frontal lobe syndrome.  As the couple had no children, Ferdinand VI was succeeded as King by his half-brother Charles III.

In popular cultureA fictionalized version of Ferdinand VI appears in the 2011 adventure film Pirates of the Caribbean: On Stranger Tides. In the film, after learning about the discovery of the Fountain of Youth, Ferdinand (portrayed by Sebastian Armesto) sends his most trusted agent, known only as “The Spaniard”, to find and destroy the Fountain, because he saw it as the abomination in the eyes of God. Also, his residence, for unknown reasons, is situated in Cádiz, not in Madrid, the capital of Spain.

Mexico, officially the United Mexican States, is a federal republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of Mexico. Covering almost two million square kilometres (over 760,000 sq mi), Mexico is the fifth largest country in the Americas by total area and the 13th largest independent nation in the world. With an estimated population of over 113 million, it is the eleventh most populous and the most populous Spanish-speaking country in the world and the second most populous country in Latin America. Mexico is a federation comprising thirty-one states and a Federal District, its capital and largest city.

In pre-Columbian Mexico many cultures matured into advanced civilizations such as the Olmec, the Toltec, the Teotihuacan, the Zapotec, the Maya and the Aztec before first contact with Europeans. In 1521, the Spanish Empire conquered and colonized the territory from its base in Mexico-Tenochtitlan, which was administered as the Viceroyalty of New Spain. This territory would eventually become Mexico following recognition of the colony’s independence in 1821. The post-independence period was characterized by economic instability, the Mexican-American War that led to the territorial cession to the United States, the Pastry War, the Franco-Mexican War, a civil war, two empires and a domestic dictatorship. The latter led to the Mexican Revolution in 1910, which culminated with the promulgation of the 1917 Constitution and the emergence of the country’s current political system. In March 1938, through the Mexican oil expropriation private U.S. and Anglo-Dutch oil companies were nationalized to create the state-owned Pemex oil company.

Mexico has one of the world’s largest economies, it is the tenth largest oil producer in the world, the largest silver producer in the world and is considered both a regional power and middle power. In addition, Mexico was the first Latin American member of the Organisation for Economic Co-operation and Development OECD (since 1994), and considered an upper-middle income country by the World Bank. Mexico is considered a newly industrialized country and an emerging power. It has the fifteenth largest nominal GDP and the tenth largest GDP by purchasing power parity. The economy is strongly linked to those of its North American Free Trade Agreement (NAFTA) partners, especially the United States. Mexico ranks sixth in the world and first in the Americas by number of UNESCO World Heritage Sites with 32, and in 2010 was the tenth most visited country in the world with 22.5 million international arrivals per year. According to Goldman Sachs, by 2050 Mexico is expected to become the world’s fifth largest economy. PricewaterhouseCoopers (PwC) estimated in January 2013 that by 2050 Mexico could be the world’s seventh largest economy. Mexico has membership in prominent institutions such as the UN, the WTO, the G20 and the Uniting for Consensus.