Note number in brackets in auction title is simply my inventory number.The EL CAZADOR SHIPWRECK THAT CHANGED THE WORLD The piece of eight is an historic coin and the coin is the most thought of coin from the pirate era. This coin is also from a famous and probably histories most significant shipwreck.
Coin in sealed NGC certification slab. See my other auctions for cheaper identical coins except without the certification plastic guarantee.
In the 1700s the main unit of money was the real. Spain's Thaler Coin was a large coin that was worth 8 reales. Legal tender in the USA up until 1857 stocks traded in reales and the new 8 real coin became the standard unit of currency. Stocks on the New York stock exchange continued to trade in 1/8ts until 1997.
In 1792 the USA made their own coins changing the "tha" to "do" and creating the dollar which we use today.
These Piece of Eight coins were then called "Mexican Dollars" and were preferred currency in the United States over American dollars because of the higher purity silver.
The coin weighed exactly one peso in weight and were nicknamed "Pesos" - later the word peso came to mean a type of money.
In Britain the coins were called "Pieces of eight" because it was worth 8 reales..
The pilers of Hercules with a curve was eventually