![]() ![]() These were primarily struck in Mexico, Chile, Colombia, Bolivia, and Peru, as well as mainland Spain. ![]() For example, NGC has only certified 2,199 for entire series of Colonial Gold 8 Escudos of Mexico, which was one of the most prolific producers of the series!Ģ7 grams of big, bold gold struck from 1732 until 1821 The famed "Pieces of Eight" or "Doubloons" are also commonly referred to as “bust Colonial 8 Escudos” or “bust Colonial 8 Reales.”Īs with many categories of numismatics, most of the finest world coins have been submitted to either NGC or PCGS for third-party certification, and even a quick glance at NGC census figures illuminates the scarcity of this Spanish colonial series. These beautiful coins all depict the bust of the reigning Spanish king on the obverse and are the largest denomination of Spanish coins. These unique challenges resulted in a fascinating and varied series with rarities and key dates much like U.S. Before long, several mints in Central and South America began striking coins in various gold and silver denominations.Įach country had its own challenges in setting up stable minting facilities and securing access to gold and silver, and we must also note that the dies and designs for these coins were produced in Spain and shipped to New World. These coins were struck to replace the crude cob design that was irregular and unsightly, and quickly gained universal acceptance for their quality.Īs the most important mint of the Western world, the Mexico City mint was the first to implement the series that lasted until 1821, when Mexico achieved independence under emperor Augustin Iturbide. In 1732, Spanish Colonial mints began striking milled (machine-made) coinage that was issued to strict quality standards (detailed in the Seville coinage act of 1728). The New World coinage produced by Spain comprises one of the most globally collected and liquid series in numismatics because it circulated worldwide and was legal tender in the United States until 1857. ![]() The discovery of new reserves in the Americas brought world gold production to previously unknown heights and forever changed the global economic and political landscape as we know it. These Rare Spanish Colonial Coins Are a Spectacular and Scarce Findĭid you know that much of daily commerce in the early United States was conducted in Spanish colonial coins?Īfter Christopher Columbus’ expedition of 1492 and during the earliest years of European (mostly Spanish) expansion onto the American continents, the search for precious metals was the main driving factor in the exploration and colonization of these vast new lands. ![]()
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