One of the world’s most storied coins is the Spanish real, which was Spain’s denomination at the height of the nation’s dominance as a world power in the 16th century. Silver eight-real coins were worth one Spanish dollar, and were the source of the phrase “pieces of eight,” which has been associated with pirates and ill-gotten treasure since 1883, when Robert Louis Stevenson put the phrase in the mouth of Long John Silver’s talkative parrot.

In fact, reales were so widespread in the New World that they were one of the most common forms of currency in the U.S colonies, and were traded as legal tender throughout the new nation in the early years of the United States. Reales from the mid-19th century ranged in value from 1/20th of a real (the media decima, minted in copper) to 100 reales (the gold doblon, commonly called the doubloon).

In 1848, Spain’s monetary system underwent the first of three decimal conversions. At first the real was pegged at 10 decimas; in 1854, the exchange was set at 100 centimos. In 1864, a silver version of the escudo was also determined to be equal to 100 centimos, which was a bit of a come down for that historic coin—in the 1500s, one gold escudo was worth 16 reales. To add insult to injury, the escudo was replaced altogether in 1869 by the peseta.


Best of the Web (“Hall of Fame”)

Ancient Coins: In Praise of the Celators!

Ancient Coins: In Praise of the Celators!

Dr. Tom Buggey’s Ancient Coins: In Praise of the Celators! focuses mainly on coins from Greek and Roman antiquity… [read review or visit site]

Worldwide Bi-Metallic Collectors Club

Worldwide Bi-Metallic Collectors Club

Bi-metallic coins have been around since the 17th century, when a copper wedge was added to the English farthing to… [read review or visit site]



Clubs & Associations

Most watched eBay auctions    

Eight (8)gold Escudos (pcgs) 1785 -nr Jj Genuine Cleaning - Vf Spanish/ Columbia1786-m Dv Pcgs Xf40 Spain Gold Escudos 4 EscTwo (2 Esc) Gold Escudos (pcgs) 1788-m M Vf25 Spain Calico-4591786 1/2 Escudo Spanish Gold Coin1785 C Gold Escudo Pcgs Vf30 Spain1783 4 Reales El Cazador Shipwreck Coin,ngc Certif Extremely Rare DenominationSpain 1893 Star 18-93 Pgv Alfonso Xiii 5 Pesetas Silver Coin Au/uncRare Early Silver 2 Reales El Cazador Shipwreck Coin - Very Good Condition!Atocha Spanish 8 Reales Silver Coin Philip Iii High Grade! Small Cert OnlyNuestra Senora De Atocha Silver 8 Reale Coin Cerf. 1985 W C.o.a1783 Mo Ff Mexico 8 Reales El Cazador 8r Shipwreck Coin,ngc Certified Excellent1780 Mo Ff 2 Reales El Cazador Shipwreck Coin,ngc Certified Excellent Condition1794 Spain 8 Reales George Iii Counter Stamp Item#t65001783 Mo Ff Mexico 8 Reales El Cazador 8r Shipwreck Coin,ngc Certified Excellent1745 Mo M Mexico 1 Reales Pillar Coin El Cazador Shipwreck Ngc Certified1778 Mo Ff 2 Reales El Cazador Shipwreck Coin,ngc Certified Very Good Condition1779 Mo Ff 2 Reales El Cazador Shipwreck Coin,ngc Certified Very Good Condition1782 Mo Ff Mexico 8 Reales El Cazador 8r Shipwreck Coin,ngc Cert,good 1783 Mo Ff 2 Reales El Cazador Shipwreck Coin,ngc Certified Very Good ConditionSpain 1871 Star 18-71 Sdm Amadeo I 5 Pesetas Silver Coin Cleaned UncSilver Philippvs 8 Reales -15-Spain - Silver - 8 Reales - King Carlos Iv - Year 1799 - Mexico FmHigh Grade Genuine 1733 Silver Spanish 1/2 Reales Treasure Cob Coin Sterling Pe1783 Mo Ff Mexico 8 Reales El Cazador 8r Shipwreck Coin,ngc Certified ExcellentGenuine 1738 Silver Spanish1 Reales Treasure Cob Coin Sterling Pendant1783 Mo Ff 2 Reales El Cazador Shipwreck Coin,ngc Certified Very Good ConditionBolivia 1808 Pj Carlos Iv 8 Reales Potosi Silver Spanish Colonial XfSpain 1898 Star 18-98 Sgv Alfonso Xiii 5 Pesetas Silver Coin Very Nice UncSpain - Silver - 8 Reales - King Carlos Iv - Year 1794 - Mexico FmSpain 10 Euro 2007 International Polar Year B.i.o Hesperides Silver Proof1783 Jd 1/2 Escudo Spain Carol Iii Gold Coin Ngc Graded Au Details Rare Km#415.11618 San Martin Shipwreck Recovered Philip Iii, Mexico Silver 8 Reales Cob Coin1618 San Martin Shipwreck Recovered Philip Iii, Potosi Silver 8 Reales Cob CoinLot *2 Spain King Juan Carlos 1994/96 2000 Pesetas Silver Coin "bag Original" Bu1781 Mo Ff 2 Reales El Cazador Shipwreck Coin,ngc Certified Excellent ConditionSpain 1888 Star 18-88 Mpm Alfonso Xiii 5 Pesetas Silver Coin XfSpain 1890 Star 18-90 Mpm Alfonso Xiii 5 Pesetas Silver Coin XfSpain 1897 Star 18-97 Sgv Alfonso Xiii 5 Pesetas Silver Coin Au-1769 Mo M Mexico 1 Reales Pillar Coin El Cazador Shipwreck Ngc CertifiedSpain - 1900 - 1 (one) Peseta - Silver! - Beautiful Rare Coin!!!!Spain 1871 Star 18-71 Sdm Amadeo I 5 Pesetas Silver Coin Vf1783 Mo Ff Mexico 8 Reales El Cazador 8r Shipwreck Coin,anacs Certified,vf 201783 Mo Ff 1/2 Reales El Cazador Shipwreck Coin,ngc Certified Very GoodSpain 1851 20 Reales Silver Crown Vf-xfLot Of (10) 1600's Spanish Cob Coins 4 & 8 Maravedis Old Copper Pirate TreasureSpain 1871 Star 18-74 Dem Amadeo I 5 Pesetas Silver Coin Vf 1783 Mo Ff 1 Reales El Cazador Shipwreck Coin,ngc Certified,very Good ConditionSpain 1894 Pgv Alfonso Xiii 5 Pesetas Silver Coin Vf/vf+Spain 10 Euro 2006 Carlos Imperator Silver Proof Spain (nd) Silver 2 Reals - Ferdinand & Isabel, Cc#2290, Choice VfSpain 1870 Star 18-70 Snm Gobierno Provisional 5 Pesetas Silver Coin Vf-Spain 1883 Star 18-83 Msm Alfonso Xii 5 Pesetas Silver Coin Vf+Spain 10 Euro 2004 Enlargement Of The European Union Silver ProofSpain 1898 Star 18-98 Sgv Alfonso Xiii 5 Pesetas Silver Coin Xf/xf+Spain 1871 Star 18-74 Dem Amadeo I 5 Pesetas Silver Coin Patina Vf-Spain 1891 Star 18-91 Pgm Alfonso Xiii 5 Pesetas Silver Coin Vf+Spain 1870 Silver 5 Pesetas ~ First Spanish Republic ~ No Reserve!Spain 1885 Msm Alfonso Xii 5 Pesetas Silver Coin Vf-Spain 1871 Star 18-71 Sdm Amadeo I 5 Pesetas Silver Coin Chopmark "m.p" Rare Vf-1891 Spain Peseta Silver Foreign Coin Free S/h