Spanish Coins
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he Spanish Doubloon was a seven-gram (.225 Troy-ounce) gold coin minted in Spain, Mexico, and the Spanish settlement of Nueva Grenada (present-day Peru) that was used widely in the Americas until the mid-nineteenth century. The word “doubloon” has its roots in the Latin word “duplus,” meaning double, a reference to denomination of this coin worth two escudos. These gold coins were eventually minted in four denominations, worth one, two, four, and eight escudos respectively.
The Spanish 8 Reales was considered as the world’s money standard from the time that Mexico Mint began striking coins in the late 1530’s until 1850’s. In fact, the Spanish Milled Dollar was a phrase, especially for those people who are native speakers. These Spanish 8 Reales was produced on a coin press from 1732-1826. Coins from Spain Spain is a country in southwestern Europe located in the Iberian Peninsula and bordering Andorra, Portugal, France and Morocco. Spain in Numista starts with the Decree of Medina del Campo in 1497 issued to reform the monetary system of the Crown of Castile.
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Throughout the 16th and 17th centuries, gold doubloons played a pivotal role in the Spanish economy and were a major part of its colonial activities. Doubloons minted in the Americas were carried on Spanish galleons throughout the Caribbean and across the world to trade for highly sought after commodities such as silks and spices. As they made their way across the vast seas and oceans, the captains of these ships were always wary of attack from marauding pirates. The pirates knew full well that if they could manage to intercept a Spanish galleon en route to its trading destination, their chances of finding gold aboard were extremely high.
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Doubloon Design
Minted on the front of the doubloon is the coat of arms of the Hapsburg royal family, known as the “Hapsburg Shield.” Ferdinand and Isabella of Spain, remembered by history as the king and queen who launched the voyage of Christopher Columbus, were part of the Hapsburg royal lineage. The “Crusader’s Cross” is stamped on the coin's reverse. The appearance of this symbol indicates the close tie between religion and government in Spain in the 16th and 17th century. The doubloon’s reverse also contains a lion, representing the Spanish province of Leon and a castle, the symbol of the province of Castile.