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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 basic and most prevalent unit of Spanish currency before the Euro was the Peseta. 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]
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 ...
The silver real (Spanish: real de plata) was the currency of the Spanish colonies in America and the Philippines. In the seventeenth century the silver real was established at two billon reales (reales de vellón) or sixty-eight maravedíes. Gold escudos (worth 16 reales) were also issued.
The Andorran peseta (ADP) (pesseta in Catalan) was pegged at 1:1 to the Spanish peseta. Following the outbreak of the Spanish Civil War on 17 July 1936, the Andorran General Council issued Decree No. 112 of 19 December 1936, authorizing the issuance of paper money backed by Spanish banknotes. [23]
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The maravedí had served as the Spanish money of account since the 11th century, but on June 2, 1497 the Ordinance of Medina del Campo (site of the great international fairs) made the real the unit of account, with the maravedí defined as a fraction of it (the 34th part).
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