![]() Let’s go back to the eight-real coin, also known as the piaster. In 1864, the real gave way to the new escudo, and then to the peseta in 1869. In 1850, the billon real became the single currency and was adopted as the new reference for the monetary system. Two reals of billon were worth one silver real.ġ837 was the last year the silver real was minted. Zinc and copper were alloyed with silver to form the billon. ![]() The real de billon had less than 50% silver and was only used in Spain. The real de plata, composed of at least 85% silver, circulated throughout the world. One gold escudo was worth 16 silver reals.įrom 1642 until the 19th century, two types of reals coexisted. Coins of one half real, one real, two reals and four reals were also minted. It weighed 27.4 grams of silver and circulated throughout Asia and America. The eight-real silver coin became the currency of reference throughout the Spanish Colonial Empire. The maravedis was replaced by the real de un ocho which became the unit of account. In 1497, when the real was worth 34 maravedis, King Philip II introduced a monetary reform in Spain. The desire to have a coin with a high silver content then took hold of the whole of Europe. In 1486, a large silver coin minted in Austria was created: the Guldengroschen. ![]() The first Spanish reals were minted during the reign of Alfonso XI of Castile (1311-1350) and were worth 3 maravedis, the Spanish currency since Alfonso VI. The real is the currency used by the Spanish Empire from the 14th century until its replacement by the escudo in 1864. Spanish Empire in 1790 ©wikimedia-Nagihuin The Spanish Real: history and evolution ![]()
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