A combined English and Dutch naval force under the command of Admiral George Rooke successfully engaged and seized the cargo of a Spanish Treasure fleet from the Spanish New World at Vigo Bay in north west Spain. The bullion from the raid deprived the Spanish and their French ally Louis XIV of much needed funds during the War of the Spanish Succession. Silver and gold taken during the raid was used to strike a special issue of coins in England that carry the name VIGO on the obverse beneath the bust of Queen Anne.

MD427 - Anne (1702-1714), Post-Union with Scotland, Shilling, 1708, Tower Mint, third bust, draped and diademed bust of Anne left, ANNA DEI GRATIA, rev., 1708•MAG BRI•FR ET•HIB REG•, crowned shields with the arms of Great Britain, France and Ireland in the form of a cross, (S.3610), toned, scraped across the field, almost very fine. $195