Initially cut from a silver bar and hammer struck on a coin die, they were accurate in weight, though sometimes debased in precious metal content. The gold escudo was worth 16 reales de plata fuerte.Ĭoins were produced at mints in Bogotá, Caracas, Guatemala City, Lima, Mexico City, Popayán, Potosí, Santo Domingo and Santiago.Īfter the independence of Spain's colonies, the real was replaced by currencies also denominated in reales and escudos, including the Argentine real, Central American Republic real, Ecuadorian real, Honduran real, Paraguayan real and Santo Domingo real.įrom 1572 to 1773 Spanish colonial silver coins were cobs. This coin, called the real de plata fuerte, became the new standard, issued as coins until the early 19th century. A reform in 1737 set the silver real at two and half billon reals (reales de vellón) or eighty-five maravedís. The coins circulated throughout Spain's colonies and beyond, with the eight-real piece, known in English as the Spanish dollar, becoming an international standard and spawning, among other currencies, the United States dollar. Gold escudos (worth 16 reales) were also issued. In the seventeenth century the silver real was established at two billon reals ( reales de vellón) or sixty-eight maravedís. The silver real ( Spanish: real de plata) was the currency of the Spanish colonies in America and the Philippines. Silver coin: 8 reales Fernando VI, Viceroyalty of New Spain - 1757 MM Silver coin: 8 reales Carlos III, Viceroyalty of New Spain - 1778 FF chopmark Silver coin: 8 reales Carlos IV, Viceroyalty of New Spain - 1808 chopmark Silver coin: 8 reales Fernando VII, Viceroyalty of Rio de la Plata - 1823 PTSPJ Silver coin: 8 reales Carlos IV, Viceroyalty of Peru - 1800
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