Pirate coin

A bit of history: In the summer of 1492, several Spanish ships set sail in search of a western route to the Indies. Three months later, when they anchored, the sailors realized they were in the Caribbean. At that moment, Europe had just discovered a new world: America! The conquest of this new world continued with the Conquistadors, leading to the annexation of vast territories in Latin America to the Spanish Empire.

The Monetary Reform in Spain and Europe

Around 1490, European countries agreed on the creation of a silver coin known for its high purity. Monetary reform began in Spain, leading to the introduction of a new currency type, the 8 reales coin, in 1497.

In 1537, a new coin was minted: the Spanish gold Escudo, valued at 16 times that of the reales. The discovery of vast silver and gold deposits in the New World, particularly in Mexico, Peru, and Bolivia, facilitated the production of new silver coins.

The first coins minted were characterized by an irregular shape, as stamping machines had not yet been invented. At that time, the New World represented a gold mine for the Spanish monarchy. In fact, the first ships transporting gold and silver could not reach Spanish shores due to the weight of the cargo. This free wealth enriched many families in Spain, leading to inflation and contributing to the decline of the Spanish Empire over the following three centuries.

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