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Silver Escudo
The escudo was either of two distinct Spanish currency denominations. Gold escudo The first escudo was a gold coin introduced in 1535/1537, with coins denominated in escudos issued until 1833. It was initially worth 16 '' reales''. When different reales were introduced, the escudo became worth 16 ''reales de plata'' in 1642, then 16 ''reales de plata fuerte'' or 40 ''reales de vellón'' from 1737. Coins Gold coins were issued in denominations of , 1, 2, 4 and 8 escudos, with the 2 escudos coin known as the doubloon. Between 1809 and 1849, coins denominated as 80, 160 and 320 reales (de vellon) were issued, equivalent, in gold content and value, to the 2, 4 and 8 escudo coins. Most were minted in Madrid, marked with a superscripted M or in Seville bearing an S below and left of the Royal Coat of Arms. The mintmaster's initials appeared on the opposite side. Silver escudo The second escudo was the currency of Spain between 1864 and 1869. It was subdivided into 100 ''céntimos de ...
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Escudos
The escudo ( Portuguese: 'shield') is a unit of currency which is used in Cape Verde, and which has been used by Portugal, Spain and their colonies. The original coin was worth 16 silver . The Cape Verdean escudo is, and the Portuguese escudo was, subdivided into 100 . Its symbol is the , a letter S with two vertical bars superimposed used between the units and the subdivision (for example, ). In Spain and its colonies, the ''escudo'' refers to a gold coin worth sixteen '' reales de plata'' or forty ''reales de vellón''. Currencies named "escudo" Circulating *Cape Verdean escudo Obsolete *Angolan escudo *Chilean escudo * French écu *Mozambican escudo *Portuguese escudo *Portuguese Guinean escudo *Portuguese Indian escudo *Portuguese Timorese escudo *São Tomé and Príncipe escudo *Spanish escudo The escudo was either of two distinct Spanish currency denominations. Gold escudo The first escudo was a gold coin introduced in 1535/1537, with coins denominated in escudo ...
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Spain
Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Europe and the fourth-most populous European Union member state. Spanning across the majority of the Iberian Peninsula, its territory also includes the Canary Islands, in the Eastern Atlantic Ocean, the Balearic Islands, in the Western Mediterranean Sea, and the Autonomous communities of Spain#Autonomous cities, autonomous cities of Ceuta and Melilla, in mainland Africa. Peninsular Spain is bordered to the north by France, Andorra, and the Bay of Biscay; to the east and south by the Mediterranean Sea and Gibraltar; and to the west by Portugal and the Atlantic Ocean. Spain's capital and List of largest cities in Spain, largest city is Madrid, and other major List of metropolitan areas in Spain, urban areas include Barcelona, Valencia, Seville, ...
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Currency
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. Th ...
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Spain 1687 8 Escudo
Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Europe and the fourth-most populous European Union member state. Spanning across the majority of the Iberian Peninsula, its territory also includes the Canary Islands, in the Eastern Atlantic Ocean, the Balearic Islands, in the Western Mediterranean Sea, and the Autonomous communities of Spain#Autonomous cities, autonomous cities of Ceuta and Melilla, in mainland Africa. Peninsular Spain is bordered to the north by France, Andorra, and the Bay of Biscay; to the east and south by the Mediterranean Sea and Gibraltar; and to the west by Portugal and the Atlantic Ocean. Spain's capital and List of largest cities in Spain, largest city is Madrid, and other major List of metropolitan areas in Spain, urban areas include Barcelona, Valencia, Seville, ...
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Gold Coin
A gold coin is a coin that is made mostly or entirely of gold. Most gold coins minted since 1800 are 90–92% gold (22fineness#Karat, karat), while most of today's gold bullion coins are pure gold, such as the Britannia (coin), Britannia, Canadian Gold Maple Leaf, Canadian Maple Leaf, and American Buffalo (coin), American Buffalo. Alloyed gold coins, like the American Gold Eagle and South African Krugerrand, are typically 91.7% gold by weight, with the remainder being silver and copper. Until about the 1930s, gold coins were Circulation (currency), circulation coins, including Exonumia, coin-like bracteates and Gold dinar, dinars. Since then, gold coins have mainly been produced as bullion coins for Gold as an investment, investors and as commemorative coins for Coin collecting, collectors. While modern gold coins are still legal tender, they are not used in everyday financial transactions, as the metal value invariably exceeds the Real versus nominal value (economics), nominal ...
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Spanish Real
The ''real'' (English: /ɹeɪˈɑl/ Spanish: /reˈal/) (meaning: "royal", plural: ''reales'') was a unit of currency in Spanish Empire, Spain for several centuries after the mid-14th century. It underwent several changes in value relative to other units throughout its lifetime until it was replaced by the ''Spanish peseta, peseta'' in 1868. The most common denomination for the currency was the silver eight-''real'' Spanish dollar (''Real de a 8'') or peso which was used throughout Europe, America and Asia during the height of the Spanish Empire. History In Spain and Spanish America The first real was introduced by Peter of Castile, King Pedro I of Crown of Castile, Castile in the mid 14th century, with 66 minted from a ''Castilian mark'' of silver (230.0465 grams) in a fineness of (0.9306), and valued of 3 ''maravedíes''. It circulated beside various other silver coins until a 1497 ordinance eliminated all other coins and retained the real (now minted 67 to a mark of silve ...
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Doubloon
The doubloon (from Spanish language, Spanish ''doblón'', or "double", i.e. ''double escudo'') was a two-''Spanish escudo, escudo'' gold coin worth approximately four Spanish dollars or 32 ''Spanish real, reales'', and weighing 6.766 grams (0.218 troy ounce) of 22-karat gold (or 0.917 fine; hence 6.2 g fine gold). Doubloons were minted in Spain and the viceroyalties of New Spain, Viceroyalty of Peru, Peru, and Viceroyalty of New Granada, New Granada (modern-day Colombia, Ecuador, Panama, and Venezuela). As the Spanish escudo (3.1 g fine gold) succeeded the heavier gold ''excelente'' (or ''ducado'', ducat, 3.48 g) as the standard Spanish gold coin, the doubloon therefore succeeded the ''doble excelente'' or double-ducat denomination. In modern times, the doubloon is remembered due in large part to the influence of historical fiction about Pirates in the arts and popular culture, piracy, in which gold coins were primeLooting, booty. History Spanish American gold coins were minted ...
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Spanish Peseta
The peseta (, ) was the currency of Spain between 1868 and 2002. Along with the French franc, it was also a de facto currency, ''de facto'' currency used in Andorra (which had no national currency with legal tender). Etymology The name of the currency derives from ''peceta'', a Catalan Language, Catalan word meaning ''little piece,'' from of the Catalan word ''peça'' (lit. ''piece'', "coin"). Its etymology has wrongly been attributed to the Spanish ''peso''. The word ''peseta'' has been known as early as 1737 to colloquially refer to the coin worth 2 ''reales provincial'' or of a peso. Coins denominated in "pesetas" were briefly issued in 1808 in Barcelona under French occupation; see Catalan peseta. Symbol Traditionally, there was never a single symbol or special character for the Spanish peseta. Common abbreviations were "Pta" (plural: "Pts), "Pt", and "Ptas". A common way of representing amounts of pesetas in print was using superior letters: "Pta" and "Pts". Common ...
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Latin Monetary Union
The Monetary Convention of 23 December 1865 was a unified system of coinage that provided a degree of monetary integration among several European countries, initially Belgium, France, Italy and Switzerland, at a time when the circulation of banknotes in these countries remained relatively marginal. In early 1866, it started being referred to in the British press as the Latin Monetary Union, with intent to make clear that the United Kingdom would not join, and has been generally referred to under that name () and the acronym LMU since then. A number of countries minted coins according to the LMU standard even though they did not formally join the LMU. The LMU has been viewed as a forerunner of late-20th-century European monetary union but cannot be directly compared with it, not least since the LMU did not rely on any common institutions. Unlike the Scandinavian Monetary Union established a few years later, the Latin Monetary Union remained limited to coinage and never extended ...
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First Spanish Republic
The Spanish Republic (), historiographically referred to as the First Spanish Republic (), was the political regime that existed in Spain from 11 February 1873 to 29 December 1874. The Republic's founding ensued after the abdication of King Amadeo on 10 February 1873. On the next day a republic was proclaimed by a parliamentary majority made up of radicals, republicans and democrats. The period was beset by tensions between federal republicans and unitarian republicans. The period also saw the end of compulsory conscription, the regulation of child labor and the abolition of slavery in Puerto Rico. The government inherited a state of war, the so-called Third Carlist War, ongoing since 1872, and the Ten Years' War, ongoing since 1868, to which the Cantonal rebellion added up in 1873. The January 1874 coup of Pavía ousted the government, giving way to a praetorian republic under General Serrano. In December 1874, General Arsenio Martínez Campos staged a '' pronunciamiento ...
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Portuguese Escudo
The Portuguese escudo (, ) was the currency of Portugal replacing the ''real'' on 22 May 1911 and was in use until the introduction of the euro on 1 January 2002. The escudo was subdivided into 100 . The word literally means shield; like other coins with similar names, it depicts the coat of arms of the state. Amounts in escudos were written as with the as the decimal separator (for example: means 25.00 escudos, means 100.50 escudos). Because of the conversion rate of 1,000 = , three decimal places were initially used ( = ). History The currency replaced by the escudo in 1911 was denominated in Portuguese reals (plural: ) and worth 1,000 . The was equivalent to 2.0539 grams fine gold from 1688 to 1800, and 1.62585 g from 1854 to 1891. Gold worth 1.6 (or 1.600; not to be confused with the 20th-century currency) were issued from 1722 to 1800 in denominations of , 1, 2, 4 and 8 . The escudo (gold) was again introduced on 22 May 1911, after the 1910 Republican revolut ...
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Currencies Of Spain
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. This article uses ...
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