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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 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 ...
A silver Spanish dollar minted in Mexico City c. 1650. After the introduction of the Guldengroschen in Austria in 1486, the concept of a large silver coin with high purity (sometimes known as "specie" coinage) eventually spread throughout the rest of Europe. Monetary reform in Spain brought about the introduction of an 8-real (or 1-peso) coin ...
) or penny was a medieval coin which takes its name from the Frankish coin first issued in the late seventh century; [1] in English it is sometimes referred to as a silver penny. Its appearance represents the end of gold coinage, which, at the start of Frankish rule, had either been Roman (Byzantine) or "pseudo-imperial" (minted by the Franks ...
The livre was established by Charlemagne as a unit of account equal to one pound of silver. [citation needed] It was subdivided into 20 sous (also sols), each of 12 deniers.[citation needed] The word livre came from the Latin word libra, a Roman unit of weight and still the name of a pound in modern French, and the denier comes from the Roman denarius.
The coins bore markings from the Spanish mint in Mexico, along with the date 1783. [6] [7] Treasure from the ship was originally housed in a safe at the old Grand Bay State Bank building in Grand Bay, Alabama. In December 2004 the Executors of the Reahard estate hired Jonathan Lerner of Scarsdale Coin to appraise the coins.
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