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1776 Spanish Colony 8 Reales - Which One Used by US Colonists?
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<p>[QUOTE="harley bissell, post: 3131591, member: 88212"]As already stated similar coins passed as currency throughout 1855 being banned shortly after. To answer how the coins got here there were two primary methods. INDIVIDUALLY - One group would be the traders and the smugglers. Santa Fe traders brought back millions of pesos wrapped in buffalo hides that they used as packs. Throughout the Spanish colonies heavy tariffs were placed on all manufactured goods and you were supposed to buy them from Spain. The United States was closer and much cheaper if the goods were smuggled and no taxes and tariffs were levied. GOVERNMENTALLY OR LEGALLY SANCTIONED. Licensed merchants working for themselves or the government came to the United States and bought horses, cattle, mules and other livestock and paid in gold and silver coins. Those large cattle ranches in Florida grew to supply that trade and the buyers kept coming throughout the 1800s until the early 1920s.[/QUOTE]</p><p><br /></p>
[QUOTE="harley bissell, post: 3131591, member: 88212"]As already stated similar coins passed as currency throughout 1855 being banned shortly after. To answer how the coins got here there were two primary methods. INDIVIDUALLY - One group would be the traders and the smugglers. Santa Fe traders brought back millions of pesos wrapped in buffalo hides that they used as packs. Throughout the Spanish colonies heavy tariffs were placed on all manufactured goods and you were supposed to buy them from Spain. The United States was closer and much cheaper if the goods were smuggled and no taxes and tariffs were levied. GOVERNMENTALLY OR LEGALLY SANCTIONED. Licensed merchants working for themselves or the government came to the United States and bought horses, cattle, mules and other livestock and paid in gold and silver coins. Those large cattle ranches in Florida grew to supply that trade and the buyers kept coming throughout the 1800s until the early 1920s.[/QUOTE]
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