In the early days, it wasn't about making coins for circulation, they were just easier to count and manipulate in chests and casks.
The coins were sent to Spain in yearly treasure fleets (Flotas) and then melted down and recoined into proper Spanish coins to pay the King's debts. Those coins were then melted down and turned into proper coins of various European countries.
The coins were sent to Spain in yearly treasure fleets (Flotas) and then melted down and recoined into proper Spanish coins to pay the King's debts. Those coins were then melted down and turned into proper coins of various European countries.
-----Burton
46 year / Life ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC
Owned by four cats and a wife of 35 years (joined 1983)