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All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

What Exactly Was The Status Of Spanish Colonial Reales In The Early US?

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DoubleEagle20
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Act of Congress, February 9, 1793.

Spanish milled coinage was declared legal tender indefinitely. A Spanish milled dollar was set at 100 cents and its fractionals accordingly. That status did not change until 1857.

Also the coinage was given special "no melt" status.

So, Spanish colonial reales were our first true dollars and cents.

Interesting numismatic history, IMHO.

https://en.m.wikisource.org/wiki/Un...on/Chapter_5
Edited by DoubleEagle20
12/01/2017 12:05 am
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Very interesting. Thank you for sharing.
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