Search results
Results from the WOW.Com Content Network
The dollar or peso was divided into 8 reales in Spanish Latin America until the 19th century when the peso was divided into 100 centavos. However, monetary turbulence in Spain beginning under the reign of King Philip II resulted in the dollar being subdivided as follows in Spain only: Until 1642: $1 = 8 reales, subsequently called reales nacionales
The same 1686 recoinage came with edicts in 1686–1687 fixing the real de vellón at one dollar = 15 + 2 ⁄ 34 reales or 512 maravedíes (or 1 dollar = 8 reales nacionales worth 64 maravedíes). The ineffectiveness of these edicts meant that existing reales de vellón were worth even less than 15 + 2 ⁄ 34 of a dollar (0.0664 dollars).
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. A reform in 1737 set the silver real at two and half billon reales (reales de vellón) or eighty-five maravedís.
Peso (peso fuerte, duro) = 8 Reales. Onza de oro = 16 Pesos Various Imperial thalers, called dollars in English, were familiar to North American colonists. The piece of eight had the same intrinsic value as the thaler and by the end of the 17th century it too was being called dollar (and
In 1686 Spain minted a coin worth 8 reales provinciales (or only $0.80, known as the peso maria or peso sencillo) which was poorly received by the people. [1] An edict made in the same year which valued the peso duro at $1 = 15 and 2/34 reales de vellon proved to be ineffective as the various reales in circulation contained even less silver ...
Silver coin: 8 reales Mexico, 1840 GoPJ Silver coin: 8 reales Mexico, 1890 ZsFZ Silver coin: 8 reales Mexico, 1897 GoRS. The real was a currency of Mexico, issued until 1897. [1] There were 16 silver reales to 1 gold escudo, with 8 tlacos to the real. The peso, which circulated alongside the real and eventually replaced it, was equal to 8 reales.
In the US, the bit is equal to 12 + 1 ⁄ 2 ¢, a designation which dates from the colonial period, when the most common unit of currency used was the Spanish dollar, also known as "piece of eight", which was worth 8 Spanish silver reales. $ 1 ⁄ 8 or 1 silver real was 1 "bit". [1] [2] With the adoption of the decimal U.S. currency in 1794 ...
In 1741, the following rates of exchange were established: 2 blancas = 1 maravedi, 4 maravedíes = 1 quarto or quart, 16 quartos = 1 real de vellón, 8 reales de vellón = 1 peso sencillo ("current" dollar), 10 reales de vellón = 1 peso fuerte ("hard" dollar, also known as the Spanish dollar). These roughly doubled the value of the real de ...