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<p>[QUOTE=&quot;medoraman, post: 1258147, member: 26302&quot;]I thought that the trade was US dollars, (being heavier), were exported to the West indies and exchange for larger numbers of lighter Spanish dollars. The Spanish dollars were then traded in the US dollar for dollar for US coins, and the circle continued. I never heard that the US mint recoined the spanish dollars. Why would they do that? It would eliminate their profit, because they traded 100 US dollars in the West Indies for 103 Spanish ones, but if they deposited them in the mint they would only get 100 US ones back. The arbitrage would be lost.</p><p><br /></p><p>I could very well be wrong though. There is a lot I don&#039;t know.</p><p><br /></p><p>I agree with Doug though that overall I had read the mint primarily was minting for the US, meaning the US owned the PM the mint was striking for the large part, especially after 1800.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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