1.
Spanish Empire
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The Spanish Empire was one of the largest empires in history. The Spanish Empire became the foremost global power of its time and was the first to be called the empire on which the sun never sets, the Spanish Empire originated during the Age of Discovery after the voyages of Christopher Columbus. Following the Spanish–American War of 1898, Spain ceded its last colonies in the Caribbean and its last African colonies were granted independence or abandoned during Decolonisation of Africa finishing in 1976. The unity did not mean uniformity, nevertheless, some historians assert that Portugal was part of the Spanish monarchy at the time, while others draw a clear distinction between the Portuguese and Spanish empires. During the 15th century, Castile and Portugal became territorial and commercial rivals in the western Atlantic. The conquest was completed with the campaigns of the armies of the Crown of Castile between 1478 and 1496, when the islands of Gran Canaria, La Palma, and Tenerife were subjugated. The Portuguese tried in vain to keep secret their discovery of the Gold Coast in the Gulf of Guinea, chronicler Pulgar wrote that the fame of the treasures of Guinea spread around the ports of Andalusia in such way that everybody tried to go there. Worthless trinkets, Moorish textiles, and above all, shells from the Canary and Cape Verde islands were exchanged for gold, slaves, ivory and Guinea pepper. The Crown officially organized this trade with Guinea, every caravel had to get a government license, the treaty delimited the spheres of influence of the two countries, establishing the principle of the Mare clausum. It was confirmed in 1481 by the Pope Sixtus IV, in the papal bull Æterni regis, thus, the limitations imposed by the Alcáçovas treaty were overcome and a new and more balanced worlds division would be reached at Tordesillas between both emerging maritime powers. Seven months before the treaty of Alcaçovas, King John II of Aragon died, Ferdinand and Isabella drove the last Moorish king out of Granada in 1492 after a ten-year war. The Catholic Monarchs then negotiated with Christopher Columbus, a Genoese sailor attempting to reach Cipangu by sailing west, Castile was already engaged in a race of exploration with Portugal to reach the Far East by sea when Columbus made his bold proposal to Isabella. Columbus discoveries inaugurated the Spanish colonization of the Americas and these actions gave Spain exclusive rights to establish colonies in all of the New World from north to south, as well as the easternmost parts of Asia. The treaty of Tordesillas was confirmed by Pope Julius II in the bull Ea quae pro bono pacis on 24 January 1506, Spains expansion and colonization was driven by economic influences, a yearning to improve national prestige, and a desire to spread Catholicism into the New World. The Catholic Monarchs had developed a strategy of marriages for their children in order to isolate their long-time enemy, the Spanish princes married the heirs of Portugal, England and the House of Habsburg. Following the same strategy, the Catholic Monarchs decided to support the Catalan-Aragonese house of Naples against Charles VIII of France in the Italian Wars beginning in 1494. As King of Aragon, Ferdinand had been involved in the struggle against France and Venice for control of Italy, these conflicts became the center of Ferdinands foreign policy as king. Only a year later, Ferdinand became part of the Holy League against France and this war was less of a success than the war against Venice, and in 1516, France agreed to a truce that left Milan in its control and recognized Spanish control of Upper Navarre
2.
Spanish dollar
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Its purpose was to correspond to the German thaler. The Spanish dollar was used by many countries as the first international currency because of its uniformity in standard. Some countries countersigned the Spanish dollar so it could be used as their local currency, the Spanish dollar was the coin upon which the original United States dollar was based, and it remained legal tender in the United States until the Coinage Act of 1857. Because it was used in Europe, the Americas. Diverse theories link the origin of the $ symbol to the columns, millions of Spanish dollars were minted over the course of several centuries. They were among the most widely circulating coins of the period in the Americas. In the 16th century, Count Hieronymus Schlick of Bohemia began minting coins known as Joachimsthalers, named for Joachimsthal, the Joachimsthalers weighed 451 Troy grains of silver. So successful were these coins that similar thalers were minted in Burgundy, the Burgundian Cross Thaler depicted the Cross of Burgundy and was prevalent in the Burgundian Netherlands that were revolting against the Spanish king and Duke of Burgundy Philip II. After 1575, the Dutch revolting provinces replaced the currency with a daalder depicting a lion, specifically to facilitate export trade, the leeuwendaalder was authorized to contain 427.16 grains of.750 fine silver, lighter than the large denomination coins then in circulation. Clearly it was advantageous for a Dutch merchant to pay a foreign debt in leeuwendaalders rather than in other heavier. Thus, the leeuwendaalder or lion dollar became the coin of choice for foreign trade and it became popular in the Middle East, and colonies in the east and west. They also circulated throughout the English colonies during the Seventeenth and early Eighteenth centuries, from New Netherland the lion dollar spread to all thirteen colonies in the west. After the introduction of the Guldengroschen in Austria in 1486, the concept of a silver coin with high purity eventually spread throughout the rest of Europe. Monetary reform in Spain brought about the introduction of an 8-real coin in 1497, in 1537 the Spanish escudo gold coin was introduced, which was worth 16 reales. The later Gold Doubloon was worth 32 reales or 2 escudos and it is this divisibility into 8 which caused the silver coins to be named pieces of eight. In the following centuries, the coin was minted with different designs at various mints in Spain. In the 19th century, the denomination was changed to 20 reales. Spains adoption of the peseta in 1869 and its joining the Latin Monetary Union meant the end of the last vestiges of the Spanish dollar in Spain itself
3.
Seville
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Seville is the capital and largest city of the autonomous community of Andalusia and the province of Seville, Spain. It is situated on the plain of the river Guadalquivir, the inhabitants of the city are known as sevillanos or hispalenses, after the Roman name of the city, Hispalis. Its Old Town, with an area of 4 square kilometres, the Seville harbour, located about 80 kilometres from the Atlantic Ocean, is the only river port in Spain. Seville is also the hottest major metropolitan area in the geographical Western Europe, Seville was founded as the Roman city of Hispalis. It later became known as Ishbiliya after the Muslim conquest in 712, in 1519, Ferdinand Magellan departed from Seville for the first circumnavigation of the Earth. Spal is the oldest known name for Seville and it appears to have originated during the Phoenician colonisation of the Tartessian culture in south-western Iberia and, according to Manuel Pellicer Catalán, meant lowland in the Phoenician language. During Roman rule, the name was Latinised as Hispalis, nO8DO is the official motto of Seville. It is popularly believed to be a rebus signifying the Spanish No me ha dejado, meaning It has not abandoned me, the eight in the middle represents a madeja, or skein of wool. The emblem is present on the flag and features on city property such as manhole covers. Seville is approximately 2,200 years old, the passage of the various civilisations instrumental in its growth has left the city with a distinct personality, and a large and well-preserved historical centre. The city was known from Roman times as Hispalis, important archaeological remains also exist in the nearby towns of Santiponce and Carmona. The walls surrounding the city were built during the rule of Julius Caesar. Following Roman rule, there were successive conquests of the Roman province of Hispania Baetica by the Vandals, the Suebi, Seville was taken by the Moors, Muslims from North of Africa, during the conquest of Hispalis in 712. It was the capital for the kings of the Umayyad Caliphate, the Moorish urban influences continued and are present in contemporary Seville, for instance in the custom of decorating with herbaje and small fountains the courtyards of the houses. However, most buildings of the Moorish aesthetic actually belong to the Mudéjar style of Islamic art, developed under Christian rule and inspired by the Arabic style. Original Moorish buildings are the Patio del Yeso in the Alcázar, the city walls, in 1247, the Christian King Ferdinand III of Castile and Leon began the conquest of Andalusia. The decisive action took place in May 1248 when Ramon Bonifaz sailed up the Guadalquivir, the city surrendered on 23 November 1248. The citys development continued after the Castilian conquest in 1248, Public buildings constructed including churches, many of which were built in the Mudéjar style, and the Seville Cathedral, built during the 15th century with Gothic architecture
4.
Peter of Castile
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Peter, called the Cruel or the Just, was the king of Castile and León from 1350 to 1369. Peter was the last ruler of the branch of the House of Ivrea. Peter was born in the tower of the Monasterio de Santa Maria la Real de Las Huelgas in Burgos. His parents were Alfonso XI of Castile and Maria of Portugal, according to chancellor and chronicler Pero López de Ayala, he had a pale complexion, blue eyes and very light blonde hair, he was tall and muscular. He was accustomed to long, strenuous hours of work, lisped a little and he was well read and a patron of the arts, and in his formative years he enjoyed entertainment, music and poetry. Peter began his reign when almost sixteen years old and subjected to the control of his mother and her favourites, joan soon contracted the disease and died. Though at first controlled by his mother, Peter emancipated himself with the encouragement of the minister Alburquerque, becoming attached to María de Padilla, he married her in secret in 1353. María turned him against Alburquerque, who fled to Portugal, in the summer of 1353, the young king was practically coerced by his mother and the nobles into marrying Blanche of Bourbon, he deserted her at once. This marriage necessitated Peters denying that he had married María, but his relationship with her continued and he also apparently went through the form of marriage with Juana de Castro, widow of Don Diego de Haro, convincing her that his previous marriage to Queen Blanche was a nullity. The bishops of Avila and Salamanca were asked to concur, and were afraid to say otherwise, Peter and Juana were married in Cuellar, and Juana was proclaimed Queen of Castile. After two nights he then deserted her, a period of turmoil followed in which the king was for a time overpowered and in effect imprisoned. The dissension within the party striving to coerce him enabled him to escape from Toro, in 1361, Queen Blanche died at Medina Sidonia. Legend claims that Peter murdered her, one version of the story says she was poisoned, also that year Maria de Padilla died in Seville, possibly of the plague. The king of Aragon then supported Peters bastard brothers against him and it was during this period that Peter perpetrated the series of murders which made him notorious. In 1366 began the calamitous Castilian Civil War, which would see him dethroned, Peters rival Henry of Trastámara continuously depicted Peter as King of the Jews, and had some success in taking advantage of popular Castilian resentment towards the Jews. Henry of Trastámara instigated pogroms beginning a period of anti-Jewish riots, Peter took forceful measures against this, including the execution of at least five anti-Jewish leaders of a riot. In the summer of 1366, Peter took refuge with Edward, the Black Prince, but he disgusted his ally with his faithlessness and ferocity, as well as his failure to repay the costs of the campaign, as he had promised to do. The health of the Black Prince broke down, and he left the Iberian Peninsula, meanwhile, Henry of Trastámara returned to Castile in September,1368
5.
Silver
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Silver is a metallic element with symbol Ag and atomic number 47. The symbol Ag stems from Latin argentum, derived from the Greek ὰργὀς, a soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal is found in the Earths crust in the pure, free form, as an alloy with gold and other metals. Most silver is produced as a byproduct of copper, gold, lead, Silver is more abundant than gold, but it is much less abundant as a native metal. Its purity is measured on a per mille basis, a 94%-pure alloy is described as 0.940 fine. As one of the seven metals of antiquity, silver has had a role in most human cultures. Silver has long valued as a precious metal. Silver metal is used in many premodern monetary systems in bullion coins, Silver is used in numerous applications other than currency, such as solar panels, water filtration, jewelry, ornaments, high-value tableware and utensils, and as an investment medium. Silver is used industrially in electrical contacts and conductors, in specialized mirrors, window coatings, Silver compounds are used in photographic film and X-rays. Dilute silver nitrate solutions and other compounds are used as disinfectants and microbiocides, added to bandages and wound-dressings, catheters. Silver is similar in its physical and chemical properties to its two neighbours in group 11 of the periodic table, copper and gold. This distinctive electron configuration, with an electron in the highest occupied s subshell over a filled d subshell. Silver is a soft, ductile and malleable transition metal. Silver crystallizes in a cubic lattice with bulk coordination number 12. Unlike metals with incomplete d-shells, metallic bonds in silver are lacking a covalent character and are relatively weak and this observation explains the low hardness and high ductility of single crystals of silver. Silver has a brilliant white metallic luster that can take a polish. Protected silver has greater optical reflectivity than aluminium at all wavelengths longer than ~450 nm, at wavelengths shorter than 450 nm, silvers reflectivity is inferior to that of aluminium and drops to zero near 310 nm. The electrical conductivity of silver is the greatest of all metals, greater even than copper, during World War II in the US,13540 tons of silver were used in electromagnets for enriching uranium, mainly because of the wartime shortage of copper
6.
Charles IV of Spain
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Charles IV was King of Spain from 14 December 1788, until his abdication on 19 March 1808. Charles was the son of Charles III and his wife. He was born in Naples, while his father was King of Naples and his elder brother, Don Felipe, was passed over for both thrones, due to his learning disabilities and epilepsy. In Naples and Sicily, Charles was referred to as the Prince of Taranto and he was called El Cazador, due to his preference for sport and hunting, rather than dealing with affairs of the state. Charles was considered by many to have been amiable, but simple-minded, in 1788, Charles III died and Charles IV succeeded to the throne. He intended to maintain the policies of his father, and retained his prime minister, the Count of Floridablanca, in office. Even though he had a belief in the sanctity of his office. The affairs of government were left to his wife, Maria Luisa, in 1792, political and personal enemies ousted Floridablanca from office, replacing him with Pedro Pablo Abarca de Bolea, Count of Aranda. Humboldts Political Essay on the Kingdom of New Spain was a key publication from his five-year travels, Godoy continued Arandas policy of neutrality towards France, but after Spain protested the execution of Louis XVI of France, the deposed king, in 1793, France declared war on Spain. After the declaration, Portugal and Spain signed a treaty of protection against France. In 1795 France forced Godoy to enter into an alliance, Spain remained an ally of France and supported the Continental Blockade until the British naval victory at Trafalgar, when Spain became allied with Britain. However, after Napoleons victory over Prussia in 1807, Godoy again steered Spain back onto the French side and this switching of alliances devalued Charles position as a trustworthy ally, increasing Godoys unpopularity, and strengthening the fernandistas, who favoured an alliance with the United Kingdom. Economic troubles, rumours about a relationship between the Queen and Godoy, and the Kings ineptitude, caused the monarchy to decline in prestige among the population. Anxious to take over from his father, and jealous of the prime minister, riots, and a popular revolt at the winter palace Aranjuez, in 1808 forced the king to abdicate on 19 March, in favor of his son. Ferdinand took the throne as Ferdinand VII, but was mistrusted by Napoleon, the ousted King, having appealed to Napoleon for help in regaining his throne, was summoned before Napoleon in Bayonne, along with his son, in April 1808. Napoleon forced both Charles and his son to abdicate, declared the Bourbon dynasty of Spain deposed, and installed his brother, Joseph Bonaparte, as King Joseph I of Spain. Following Napoleons deposing of the Bourbon dynasty, the ex-King, his wife, after the collapse of the regime installed by Napoleon, Ferdinand VII was restored to the throne. The former Charles IV drifted about Europe until 1812, when he settled in Rome
7.
Portuguese real
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The real was the unit of currency of Portugal from around 1430 until 1911. It replaced the dinheiro at the rate of 1 real =840 dinheiros and was replaced by the escudo at a rate of 1 escudo =1000 réis. The escudo was replaced by the euro at a rate of 1 euro =200.482 escudos in 2002. The first real was introduced by Ferdinand I around 1380 and it was a silver coin and had a value of 120 dinheiros. In the reign of King João I, the real branco of 3½ libras, by the beginning of the reign of King Duarte I in 1433, the real branco had become the unit of account in Portugal. From the reign of Manuel I, the name was simplified to real, in 1837, a decimal system was adopted for the coin denominations, with the first banknotes issued by the Banco de Portugal in 1847. In 1854, Portugal adopted a standard of 1000 réis =1.62585 grams fine gold. This standard was maintained until 1891, large sums were usually expressed as mil-réis or 1,000 réis, a term often found in 19th-century Portuguese literature. In figures a mil-réis was written as 1$000, so that 60,000 réis would be written as 60$000 or 60 mil-réis. )In 1911, one million réis was known as a conto de réis. This term survived the introduction of the escudo to mean 1000 escudos and is now used to mean five euros, Coins and banknotes were also issued denominated in réis for use in the different parts of the Portuguese empire. See, Angolan real, Azorean real, Brazilian real, Cape Verde real, Mozambican real, Portuguese Guinea real and São Tomé, brazil has revived the real as the denomination of its present currency. Before the middle of the 19th century, many different denominations were minted, for example, the cruzado was introduced at a value of 324 real branco in the reign of João II. It was fixed at a value of 400 réis during João IIIs reign and this remained the value of the silver cruzado until the reign of Pedro II, when it was revalued to 480 réis. Meanwhile, the gold rose in value to 750 réis in the reign of João IV. Two denominations which did not change their values were the vintém of 20 réis, the last 1 real coins were minted in the 1580s. After this time, the smallest coins were worth 1½ réis and these were minted until around 1750, after which the three réis coin became the smallest circulating denomination. From the early 18th century, the gold coin was the peça. Some of these coins showed denominations which were no longer due to earlier revaluations
8.
Spanish peseta
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The peseta was the currency of Spain between 1869 and 2002. Along with the French franc, it was also a de facto currency used in Andorra, the name of the currency comes from pesseta, the diminutive form of the word peça, which is a Catalan word that means piece or fraction. The first non-official coins which contained the word peseta were made in 1808 in Barcelona, traditionally, there was never a single symbol or special character for the Spanish peseta. Common abbreviations were Pt, Pta, Pts and Ptas, sometimes using superior letters, common earlier Spanish models of mechanical typewriters had the expression Pts on a single type head, as a shorthand intended to fill a single type space in tables instead of three. Later, Spanish models of IBM electric typewriters also included the type in its repertoire. This original character set chart later became the MS-DOS code page 437, some spreadsheet software for PC under MS-DOS, as Lotus 1-2-3, employed this character as the peseta symbol in their Spanish editions. Subsequent international MS-DOS code pages, like code page 850 and others, in order to guarantee the interchange with previous encodings such as code page 437, the international standard Unicode includes this character as U+20A7 PESETA SIGN in its Currency Symbols block. Other than that, the use of the peseta symbol standalone is extremely rare, in the version 1.0 of Unicode the character ₧ U+20A7 PESETA SIGN had two reference glyphs, a Pts ligature glyph as in IBM code page 437 and an erroneous P with stroke. The peseta was subdivided into 100 céntimos or, informally,4 reales, the last coin of any value under one peseta was a 50-céntimo coin issued in 1980 to celebrate Spains hosting of the 1982 FIFA World Cup. The last 25-céntimo coin was dated 1959, the ten céntimos also dated 1959, the 1-céntimo coin was last minted in 1913 and featured King Alfonso XIII. The 1⁄2-céntimo coin was last minted in 1868 and featured Queen Isabel II, the peseta was introduced in 1869 after Spain joined the Latin Monetary Union in 1868. The Spanish Law of June 26,1864 decreed that in preparation for joining the Latin Monetary Union, the peseta replaced the escudo at a rate of 5 pesetas =1 peso duro =2 escudos. The peseta was equal to 4.5 grams of silver, or 0.290322 grams of gold, from 1873, only the gold standard applied. The political turbulence of the twentieth century caused the monetary union to break up. In 1959, Spain became part of the Bretton Woods System, in 1967, the peseta followed the devaluation of the British pound, maintaining the exchange rate of 168 pesetas =1 pound and establishing a new rate of 70 pesetas =1 U. S. dollar. The peseta was replaced by the euro in 2002, following the establishment of the euro in 1999, the exchange rate was 1 euro =166.386 pesetas. At least 1252–1284 there was a 1 obolo brass coin – plated with silver – stamped, colnect shows even a first 1 Maravedí-coin made of copper having been edited since 1454. The bigger silver coin 1 Real came out 1786, the latter two currency units were used until the Peseta came in 1869
9.
Crown of Castile
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The title of King of Castile remained in use by the Habsburg rulers during the 16th and 17th centuries. Charles I was King of Aragon, Majorca, Valencia, and Sicily, in the early 18th century, Philip of Bourbon won the War of the Spanish Succession and imposed unification policies over the Crown of Aragon, supporters of their enemies. This unified the Crown of Aragon and the Crown of Castile into the kingdom of Spain, even though the Nueva Planta decrees did not formally abolish the Crown of Castile, the country of was called Spain by both contemporaries and historians. King of Castile also remains part of the title of Felipe VI of Spain. The Kingdom of León arose out of the Kingdom of Asturias, the Kingdom of Castile appeared initially as a county of the Kingdom of León. From the second half of the 10th century to the first half of the 11th century it changed hands between León and the Kingdom of Navarre, in the 11th century it became a kingdom in its own right. The two kingdoms had been united twice previously, From 1037 until 1065 under Ferdinand I of León, upon his death his kingdoms passed to his sons, León to Alfonso VI, Castile to Sancho II, and Galicia to García. From 1072 until 1157 under Alfonso VI, Urraca, and Alfonso VII, from 1111 until 1126 Galicia was separate from the union under Alfonso VII. In 1157 the kingdoms were divided between Alfonsos sons, with Ferdinand II receiving León and Sancho III Castile, from then on the two kingdoms were united under the name of the Kingdom of León and Castile, or simply as the Crown of Castile. Ferdinand III later conquered the Guadalquivir Valley, while his son Alfonso X conquered the Kingdom of Murcia from Al-Andalus, the heir to the throne has been titled Prince of Asturias since the 14th century. Almost immediately after the union of the two kingdoms under Ferdinand III, the parliaments of Castile and León were united. It was divided into three estates, which corresponded with the nobility, the church and the cities, and included representation from Castile, León, Galicia, Toledo, Navarre, under Alfonso X, most sessions of the Cortes of both kingdoms were held jointly. The Cortes of 1258 in Valladolid comprised representatives of Castile, Extremadura and León, subsequent Cortes were celebrated separately, for example in 1301 that of Castile in Burgos and that of León in Zamora, but the representatives demanded that the parliaments be reunited from then on. These laws continued to be in force until 1889, when a new Spanish civil code, in the 13th century there were many languages spoken in the Kingdoms of León and Castile among them Castilian, Leonese, Basque and Galician-Portuguese. But, as the century progressed, Castilian gained increasing prominence as the language of culture, henceforth all public documents were written in Castilian, likewise all translations of Arabic legal and government documents were made into Castilian instead of Latin. In 1492, under the Catholic Monarchs, the first edition of the Grammar of the Castilian Language by Antonio de Nebrija was published, Castilian was eventually carried to the Americas in the 16th century by the conquistadors. Because of Castilians importance in the land ruled by the Spanish Crown, on the death of Alfonso XI a dynastic conflict started between his sons, the Infantes Peter and Henry, Count of Trastámara, which became entangled in the Hundred Years War. Alfonso XI had married Maria of Portugal with whom he had his heir, however, the King also had many illegitimate children with Eleanor of Guzman, among them the above-mentioned Henry, who disputed Peters right to the throne once the latter became king
10.
Peso
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The peso was a coin that originated in Spain and became of immense importance internationally. Peso is now the name of the unit of several former Spanish colonies. Peso was a given in Spain and particularly in Hispanic America to the 8-royal coin or real de a ocho. It had a weight of 27.468 g and a millesimal fineness of 930.5. This real de a ocho or peso was minted in Spain from the mid 16th century and it was originally known as the piece of eight in English, due to the nominal value of 8 reales. The piece of eight became a coin of importance in the 17th century, especially in trade with India and the Far East. At this time, the piece of eight was produced in Mexico and Peru in a rapid and simplified manner. Instead of making a proper flan or planchet, a lump of silver of proper weight and fineness was cut off the end of a bar, then flattened out. The result was a crude, temporary coin, a lump of silver. This type of coin known as a cob in English. The Crown was entitled to a fifth of all gold and silver mined, the Quinto Real, although intended to serve only temporarily, some did remain in circulation as currency. Because of their shape and incomplete design, cobs were ideal candidates for clipping and counterfeiting. This coin was known in English as a piece of eight, then as a Spanish dollar. In French, it was a piastre and in Portuguese, a pataca or patacão, the Spanish names at various times and in various places were patacón, duro, or fuerte. Because of domestic financial and monetary problems, Spain devalued its currency by about 20% on October 14,1686. The new eight-real was known as a peso maria or peso sencillo, after this, the monetary systems of Spain and of Spanish America developed along different lines. Accounts in Spain were kept in the real of 34 maravedíes, while in Spanish America accounts continued in the silver real. After 1686, the old piece of eight remained the standard coin in the Spanish colonies, Spanish laws of 1728 and 1730 adopted modern minting techniques
11.
Spanish escudo
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The escudo was the name of two distinct Spanish currency denominations. The first escudo was a gold coin introduced in 1535/1537, with coins denominated in escudos issued until 1833 and it was initially worth 16 reales. When different reales were introduced, the escudo became worth 16 reales de plata in 1642, gold coins were issued in denominations of ½,1,2,4 and 8 escudos, with the 2 escudos coin known as the doubloon. Between 1809 and 1849, coins denominated as 80,160 and 320 reales were issued, equivalent, in content and value. Most were minted in Madrid, marked with a superscripted M or in Seville bearing an S below, the mintmasters initials appeared on the opposite side. The second escudo was the currency of Spain between 1864 and 1869 and it was subdivided into 100 céntimos de escudo. The escudo replaced the real at a rate of 10 reales =1 escudo and it was itself replaced by the peseta, at a rate of 2½ pesetas =1 escudo, when Spain joined the Latin Monetary Union. The later silver escudo was worth one quarter of the earlier, gold escudo. Copper coins were issued in denominations of ½,1, 2½ and 5 céntimos de escudo, with silver 10,20 and 40 céntimos de escudo,1 and 2 escudos, and gold 2,4 and 10 escudos. The 1 escudo was introduced in 1864, followed by the silver and gold coins in 1865. All the coins were minted until 1868, with 10 escudos also minted in 1873 during the First Republic, portuguese escudo The Colonial Coinage of Spanish America, An introduction by Daniel Frank Sedwick
