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Started by Deeman, December 27, 2021, 03:29:21 PM
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Quote from: Tirant on December 27, 2021, 06:23:15 PMIt's interesting (more like kind of sad) to see how the spanish pieces of 8 were the most popular currency around the world back in the XVIII and XIX centuries, and how it turned into nothing nearly 100 years later.Once again, thanks for your work.
Quote from: Figleaf on December 28, 2021, 06:08:31 PMColonial coins came from the mints in the silver mining areas in South America. They were minted there in order to evade high import duties on raw silver. They were minted by Indian slave labour who were worked to death and drugged at the end of their life to keep them working. Consequently, they were very badly struck. In addition, mint officials were corrupt, so that the coins were permanently underweight, to the extent that some mint officials are known to have been garotted. Ironically, these badly struck coins with uncertain silver content formed the backbone of the Spanish dominance of the silver coin supply.