Reales

Reales. The real  was a unit of currency in Spain for several centuries after the mid-14th century, but changed in value relative to other units introduced. In 1864, the real was replaced by a new escudo, then by the peseta in 1868, when a real came to mean a quarter of a peseta. The most common denomination for the currency was the Real de Ocho or Spanish dollar used throughout Europe, America and Asia during the height of the Spanish Empire.

The first real was introduced by King Pedro I of Castile in the mid 14th century at a value of 3 maravedíes. This rate of exchange increased until 1497, when the real, now issued in billon, was fixed at a value of 34 maravedíes. The famous “piece of eight” (peso de a ocho), also known as the Spanish dollar, was issued that same year as a trade coin.[citation needed] It later became widespread in North America and Asia. In 1566, the gold escudo was introduced, worth 16 silver reales. The “piece of eight” was so-called because the denomination was divided into eight silver reales (8 reales = 1 piece of eight). In addition to the “piece of eight,” which was a one-ounce (28 g) silver coin, other coins based on it were issued: 4 reales, 2 reales, 1 real and the little (12 mm diameter) half real.

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

 

Mexico 1800 8 Reales Silver Coin

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1848 Peru 4 Reales Silver World coin Great condition high value

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1781 MoFF Mexico COLONIAL 2 REALES COIN, avg grade, L232

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1724 Spanish Silver 2 Reales Piece of 8 Real US Colonial Two Bits Pirate Coin

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1799 Mexico 2 Reales Silver Coin

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1798 Carolus IIII Hispan 8 Reales Silver Coin

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Spanish Colonial 8R 8 Reales El Cazador Genuine Silver Shipwreck Coin NGC

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1783-MO FF MEXICO 8 REALES El CAZADOR GENUINE NGC

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SPAIN 8 REALES SILVER COIN FROM THE WRECK OF EL CAZADOR

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1841 SILVER 8 REALES Mexico (Spanish Colonial)

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1806 TH Spanish Colonial Mexico 2 Reales KM #91 Silver Coin Holed

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1723-A - Spain - Two Reales - VF - Silver (#28)

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Mexico 2 Two Reales 1786 FM Bold Extra Fine

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