Ads
related to: spanish peseta coins meaning in america
Search results
Results From The WOW.Com Content Network
The peseta was subdivided into 100 céntimos or, informally, 4 reales, which are the origin of the American quarter. 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]
Silver 8-real coin of 1768 from the Potosí mint. The real (English: /ɹeɪˈɑl/ Spanish: /reˈal/) (meaning: "royal", plural: reales) was a unit of currency in Spain for several centuries after the mid-14th century. [1] It underwent several changes in value relative to other units throughout its lifetime until it was replaced by the peseta in
The mint standards were set by the Spanish crown and until 1686 the coinage of Spain and of the Indies (Spanish America) were identical, save in two respects. A minor difference was that coins minted in America were inscribed REX HISPANIARVM ET INDIARVM (king of the Spains and the Indies), while those minted in Spain had only REX HISPANIARVM.
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 Peseta coins were minted in 1869, and the last were minted in 2011. Peseta banknotes were first printed in 1874 and were phased out with the introduction of the Euro. [ 1 ] Prior to this was the Silver escudo (1865–1869), Gold escudo (1535/1537–1849), Spanish real (mid-14th century–1865), Maravedí (11th–14th century), and ...