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<p>[QUOTE=&quot;sonlarson, post: 2066828, member: 15488&quot;]The Real coinage system in Mexico was introduced during Spanish rule during the early 1500s. The real was originally a medieval Italian gold coin. Gold coinage was based on the Gold escudos. The ½ escudos was equal to the silver 8 Reales. At the time gold and silver exchanged at a 16 to 1 ratio.&nbsp; In 1857 Mexico decided to convert to the decimal system to be aligned with the monetary system in Europe. At that time even Spain was using the decimal system. They began production in 1863. It’s interesting to note that 1857 was the same year the United States began recalling all of the Mexican coinage in circulation. I am sure that also had some influence. For a short time both Reals and decimal coinage circulated in Mexico. However the balance scale Peso was slightly smaller than the 8 reales which caused a problem with the trade with China. China rejected the smaller Peso even thought the value was the same. Mexico’s answer was to simple issue the peso with “8R” stamped on the coin.&nbsp; In 1905 Mexico again revised their monetary system due the the devaluation of Silver and the fact that Gold was not circulating. Sizes of the coins were reduced and the alloys and fineness changed. Many changes have been made since then resulting in the fineness getting smaller and smaller until finally non-existent. Mexico’s monetary history is one I find fascinating and I have expanded my collection greatly in this area.</p><p><br /></p><p>I did a presentation last year on the Monetary Reform of 1905. It can be viewed here:</p><p><a href="https://www.cointalk.com/threads/estados-unidos-mexicanos-a-history-of-modern-coinage.249575/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/estados-unidos-mexicanos-a-history-of-modern-coinage.249575/">https://www.cointalk.com/threads/estados-unidos-mexicanos-a-history-of-modern-coinage.249575/</a>[/QUOTE]</p><p><br /></p>

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