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2

16th-17th century Spanish bronze code ac 169

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16th-17th century Spanish bronze

size  24 x19x1    mm

weighs   2.71grams

condition worn

 

 

History

The first real was introduced by King Pedro I of Castile at a value of 3 maravedíes. This rate of exchange increased until 1497, when the real was fixed at a value of 34 maravedíes. The famous Peso de a Ocho ("piece of eight" is referred to the value of 8 Reales = 1 Silver Peso) also known as Spanish dollar, was issued that same year, and it later became widespread in America and Asia. In 1566, the gold escudo was introduced, worth 16 reales. The "Peso de a ocho" or "Piece of eight" is a one-ounce silver coin, not to be confused with the minor coins: 4 Reales, 2 Reales, 1 Real and the little (half inch diameter) Half Real.

During this period, Spanish coinage became popular in international trade and commerce, and remained so for centuries.

17th century

In 1642, two distinct reales were created, the real de plata (made of silver) and the real de vellón (made of billon, or "less than half silver"). The exchange rate between these two coins was set at 2 reales de vellón = 1 real de plata. The maravedí was tied to the real de vellón, causing the real de plata to be worth 68 maravedíes. The gold escudo was worth 16 reales de plata.

ref wikipidea.org

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710e feedback

  • ben92
    ben92
    Positief

    A great bit of history. Great price and coin

  • cherith
    cherith
    Positief

    Great coin at a great price and all as pictured. Also fast shipping. Thankyou.

  • gdimi1970
    gdimi1970
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    Wonderful coin to add to my collection.

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Overzicht

Vermeldingstype : Standard
Product-ID : 1469
Begint : 21st November 2024 03:00 pm AEST
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