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The silver 8-real coin was known as the Spanish dollar (as the coin was minted to the specifications of the thaler of the Holy Roman Empire and Habsburg monarchy), peso, duro or the famous piece of eight. Spanish dollars minted between 1732 and 1773 are also often referred to as columnarios. The portrait variety from 1772 and later are ...
By far the leading specie coin circulating in America was the Spanish silver dollar, defined as consisting of 387 grains of pure silver. The dollar was divided into "pieces of eight," or "bits," each consisting of one-eighth of a dollar. Spanish dollars came into the North American colonies through lucrative trade with the West Indies.
The 8 reales coin is the predecessor to the American dollar. Before the United States Mint was in production, columnarios circulated, along with other coinage, in the US colonies, as legal tender until the middle of the 19th century. Prior to the columnario, Spanish coins were hammer struck. These rather crude looking coins were called cobs ...
The first distinctive coins minted for Spanish America were copper 4-maravedí pieces authorized for Santo Domingo by Ferdinand on December 20, 1505 (later confirmed by his daughter, Johanna, on May 10, 1531). These coins were minted in Spain (at Burgos and Seville) and shipped to Santo Domingo , and subsequently also to Mexico and Panama. The ...
The last coin of any value under one peseta was a 50 cts coin issued in 1980 to celebrate Spain's hosting of the 1982 FIFA World Cup. [6] The last 25-céntimo coin (or real) was dated 1959, the ten céntimos also dated 1959; both coins bore the portrait of Franco. The 1-céntimo coin was last minted in 1913 and featured King Alfonso XIII. [7]
This coin was known to English colonists in North America as a piece of eight, then later on as a Spanish dollar, Spanish milled dollar, and finally as a Mexican dollar. In French, it was called a piastre and in Portuguese, a pataca or patacão. The Spanish names at various times and in various places were real de a ocho, patacón, duro, or fuerte.
A picayune was a Spanish coin, worth half a real or one sixteenth of a dollar. Its name derives from the French picaillon, which is itself from the Provençal picaioun, the name of an unrelated small copper coin from Savoy. [1] By extension, picayune can mean "trivial" or "of little value".
Spanish American gold coins were minted in one-half, one, two, four, and eight escudo denominations, with each escudo worth around two Spanish dollars or $2. The two-escudo (or $4 coin) was the "doubloon" or "pistole", and the large eight-escudo (or $16) was a "quadruple pistole".