Item: i115288

Authentic Coin of:

Peru
Charles III of Spain – King: 10 August 1759 – 14 December 1788
1775 LIMAE MJ Silver Real 21mm (2.98 grams) .903 Silver (0.0982 oz. ASW) Mint: Lima
Reference: KM# 75
CAROLUS·III·DEI·GRATIA , Bust of Charles III
HISPAN·ET IND·REX·, Crowned arms, pillars.

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Charles III (Charles Sebastian; Spanish: Carlos Sebastián; Italian and Neapolitan: Carlo Sebastiano; Sicilian: Carlu Bastianu; 20 January 1716 – 14 December 1788) was King of Spain (1759–1788). He also was Duke of Parma and Piacenza, as Charles I (1731–1735); King of Naples, as Charles VII, and King of Sicily, as Charles V (1734–1759). He was the fifth son of Philip V of Spain, and the eldest son of Philip’s second wife, Elisabeth Farnese. A proponent of enlightened absolutism and regalism, he succeeded to the Spanish throne on 10 August 1759, upon the death of his childless half-brother Ferdinand VI.

In 1731, the 15-year-old Charles became the Duke of Parma and Piacenza, as Charles I, following the death of his childless grand-uncle Antonio Farnese. In 1738 he married Princess Maria Amalia of Saxony, daughter of Augustus III of Poland, who was an educated, cultured woman. The couple had 13 children, eight of whom reached adulthood, including Charles, heir to the Spanish throne. Charles and Maria Amalia resided in Naples for 19 years. He gained valuable experience in his 25-year rule in Italy, so that he was well prepared as monarch of the Spanish Empire. His policies in Italy prefigured ones he would put in place in his 30-year rule of Spain.

As King of Spain, Charles III made far-reaching reforms to increase the flow of funds to the crown and defend against foreign incursions on the empire. He facilitated trade and commerce, modernized agriculture and land tenure, and promoted science and university research. He implemented regalist policies to increase the power of the state regarding the church. During his reign, he expelled the Jesuits from the Spanish Empire. He strengthened the Spanish army and navy. Although he did not achieve complete control over Spain’s finances, and was sometimes obliged to borrow to meet expenses, most of his reforms proved successful in providing increased revenue to the crown and expanding state power, leaving a lasting legacy. In the Spanish Empire his regime enacted a series of sweeping reforms with the aim of bringing the overseas territories under firmer control by the central government, reversing the trend toward local autonomy, and gaining more control over the Church. Reforms including the establishment of two new viceroyalties, realignment of administration into intendancies, creating a standing military, establishing new monopolies, revitalizing silver mining, excluding American-born Spaniards (criollos) from high civil and ecclesiastical offices, and eliminating many privileges (fueros) of clergy.

Historian Stanley Payne writes that Charles III “was probably the most successful European ruler of his generation. He had provided firm, consistent, intelligent leadership. He had chosen capable ministers…. personal life had won the respect of the people.” John Lynch’s assessment is that in Bourbon Spain “Spaniards had to wait half a century before their government was rescued by Charles III.”

Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the west by the Pacific Ocean. Peru is an extremely biodiverse country with habitats ranging from the arid plains of the Pacific coastal region in the west to the peaks of the Andes mountains vertically extending from the north to the southeast of the country to the tropical Amazon Basin rainforest in the east with the Amazon river.

Peruvian territory was home to several ancient cultures, ranging from the Norte Chico civilization in the 32nd century BC, the oldest civilization in the Americas, to the Inca Empire, the largest and most sophisticated state in pre-Columbian America. The Spanish Empire conquered the region in the 16th century and established a Viceroyalty that encompassed most of its South American colonies, with its capital in Lima. Peru formally proclaimed independence in 1821, and following the military campaigns of José de San Martín and Simón Bolívar, and the decisive battle of Ayacucho, Peru secured independence in 1824. In the ensuing years, the country enjoyed relative economic and political stability, which ended shortly before the War of the Pacific with Chile. Throughout the 20th century, Peru endured armed territorial disputes, coups, social unrest, and internal conflicts, as well as periods of stability and economic upswing. Alberto Fujimori was elected to the presidency in 1990; his government was credited with economically stabilizing Peru and successfully ending the Shining Path insurgency, though he was widely accused of human rights violations and suppression of political dissent. Fujimori left the presidency in 2000 and was charged with human rights violations and imprisoned until his pardon by President Pedro Pablo Kuczynski in 2017.

Peru is a representative democratic republic divided into 25 regions. It is classified as an emerging market^[9] with a high level of human development and an upper middle income level with a poverty rate around 19 percent. It is one of the region’s most prosperous economies with an average growth rate of 5.9% and it has one of the world’s fastest industrial growth rates at an average of 9.6%. Its main economic activities include mining, manufacturing, agriculture and fishing; along with other growing sectors such as telecommunications and biotechnology. The country forms part of The Pacific Pumas, a political and economic grouping of countries along Latin America’s Pacific coast that share common trends of positive growth, stable macroeconomic foundations, improved governance and an openness to global integration. Peru ranks high in social freedom and it has the third lowest homicide rate in South America; it is an active member of the Asia-Pacific Economic Cooperation, the Pacific Alliance, the Trans-Pacific Partnership and the World Trade Organization; and is considered as a middle power.

Peru has a multiethnic population of over 31 million, which includes Amerindians, Europeans, Africans and Asians. The main spoken language is Spanish, although a significant number of Peruvians speak Quechua, Aymara or other native languages. This mixture of cultural traditions has resulted in a wide diversity of expressions in fields such as art, cuisine, literature, and music.