Reply to Thread

Message:: [QUOTE="rick55, post: 953437, member: 26696"]I have found this about spanish 8 reales.Spanish colonial 8 Reales, it was legal tender in the US. Spanish coin, was the "8 Reales" piece. This is the famous "Piece of Eight" and later became called the "Peso".The Spanish peso, circulated throughout the American Colonies, and States. It continued to be legal tender, until they were demonetized in 1857. Foreign money remained in widespread use in the United States until the middle of the nineteenth century. Several foreign coins were provided legal tender status in order to supplement the scanty American specie supply. A particular disadvantage was the perpetuation of non-decimal units of account, especially in New York. When the U.S. enacted a subsidiary silver standard in 1853, the expedient bases for the lawful status of foreign coin was removed. In 1857, the United States coinage was finally reformed to secure an exclusive national currency. Also see interesting matter in this link:http://www.chicagocoinclub.org/projects/PiN/ccp.html[/QUOTE]