"It was ONLY the pistereen which was debased significantly. They were initially accepted at 20 cents each but that dropped over time...
It was actually the pistareen, plus its little siblings the 1R and 1/2R... Note that they DID try to mess around with the silver content of the 4R and 8R as well in those post-1686 years (think of the ensuing "Maria" series pieces, plus the 1718 shield 4R and 8R... those seem to have been just about exact 2x and 4x multiples, respectively, of the pistareen 2R of that time...), but it didn't go over well in merchant circles. Thus the 4R and 8R (used more for trade) were kept as "full weight", but the smaller pieces (whose job description was more "small change" in nature) stayed at the reduced silver content level...
This made me think of an article on pistareens and their role in the Colonies that I believe was published by the Colonial Coin Collectors' Club aka the C4... Re-skimmed it briefly, Sect. 3 touches on the discrepancy between the pistareen, 1R, and 1/2R vs. the bigger denoms.:
http://numismatics.org/wikiuploads/...stareens.pdf
It was actually the pistareen, plus its little siblings the 1R and 1/2R... Note that they DID try to mess around with the silver content of the 4R and 8R as well in those post-1686 years (think of the ensuing "Maria" series pieces, plus the 1718 shield 4R and 8R... those seem to have been just about exact 2x and 4x multiples, respectively, of the pistareen 2R of that time...), but it didn't go over well in merchant circles. Thus the 4R and 8R (used more for trade) were kept as "full weight", but the smaller pieces (whose job description was more "small change" in nature) stayed at the reduced silver content level...
This made me think of an article on pistareens and their role in the Colonies that I believe was published by the Colonial Coin Collectors' Club aka the C4... Re-skimmed it briefly, Sect. 3 touches on the discrepancy between the pistareen, 1R, and 1/2R vs. the bigger denoms.:
http://numismatics.org/wikiuploads/...stareens.pdf


















