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The Spanish dollar, also known as the piece of eight (Spanish: real de a ocho, dólar, peso duro, peso fuerte or peso), is a silver coin of approximately 38 mm (1.5 in) diameter worth eight Spanish reales.
The first ordinance officially devaluing the Spanish non-colonial real came out in 1642, with the real provincial debased from 67 to 83 + 3 ⁄ 4 to a mark of silver (hence, 10 reales to the dollar). Actual coins worth 1 ⁄ 2, 1, 2, 4 and 8 reales provincial (the latter worth 4 ⁄ 5 of a dollar and called peso maria) were minted in 1686 and ...
Gold escudos (worth 16 reales) were also issued. 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 ...
2014 and 2016 False Counterfeit $1 Bills. In 2014 and 2016, a miscommunication between the U.S. Bureau of Engraving and Printing and its facilities in Washington, D.C., and Fort Worth, Texas ...
A third standard coin was the blanca, a small coin of 1·198 g, worth half a maravedí. The blanca was a copper coin containing a trace of silver, a type of coin known as billon, wellón in Spanish. This was the monetary system that the Spaniards brought to the New World.
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]
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