Tuesday, August 26, 2008

Mexico Eight Reales 1818

This silver eight Reales struck in Mexico in the name of Spanish King Ferdinand VII is an example of the famous "pieces of eight". These were probably the most widely accepted international currency in the world at this time, and they were struck in many parts of the South American continent. They were valued for their silver content and cosistency in weight and purity. It is also believed that the ribbons around the pillars were inspiration for the $ symbol.


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