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    

Spain, Ferdinand Vii, 2 Escudos, 1813-gj, Madrid Mint, Gold Coin Vf(1700-24) Mexico, Philip V Silver Cob 2 Reales FMoruzzi - Spain / España Charles Ii / Carlos Ii 8 Reales 1666 Madrid Plata Mbc++ Silver Real 1400' Isabel & Ferdinand Catholic Kings Of Spain Grenada ++1574-1622 Portuguese 4 Reales Sao Jose Shipwreck Coin Ngc Certified,excellent High Grade 1758 Silver Spanish 2 Reales Treasure Cob Coin Sterling PendantSpain 1600s Silver 8 Reales Recovered The First Year Of The Atocha Discovery1783 Mo Ff Mexico Whale Cluster Clump 8 Reales El Cazador 8r Shipwreck Coin,ngc 1738 Guatemala, Assayer J Silver Cob 1 Real F1786 M Dv Spain 4 Escudos Gold Coin Ngc Vf30Great Gold Coin Start 1 $ Spain Isabel Ii De Espana 100 Reales 1857 (expertise)Extrem. Rare Date And Mint Spain 1628 Philip Iv Four 4 Reales Pirate Silver Coin1783 Mo Ff Mexico Whale Cluster Clump 8 Reales El Cazador 8r Shipwreck Coin,ngc 1783 Mo Ff Mexico 8 Reales El Cazador 8r Shipwreck Coin, Ngc Certified1783 Mo Ff Mexico 8 Reales El Cazador 8r Shipwreck Coin, Ngc Certified1783 Mo Ff 2 Reales El Cazador Shipwreck Coin,ngc Certified Excellent ConditionSpain Spanish Silver Shipwreck Coin Necklace1783 Mo Ff Mexico 8 Reales El Cazador 8r Shipwreck Coin,ngc Certified,excellent1783 Mo Ff Mexico Whale Cluster Clump 8 Reales El Cazador 8r Shipwreck Coin,ngc 1783 Mo Ff Mexico 8 Reales El Cazador 8r Shipwreck Coin,ngc Certified Excellent1783 Mo Ff 2 Reales El Cazador Shipwreck Coin,ngc Certified Excellent ConditionV. Rare Grade Spain Rare Date 1622 Philip Iv Two 2 Reales Pirates Silver Coin1783 Mo Ff Mexico 8 Reales El Cazador 8r Shipwreck Coin,ngc Certified,very GoodSpain EspaÑa Sevilla 20 Reales 1857 Silver Coin1783 Mo Ff Mexico Whale Cluster Clump 8 Reales El Cazador 8r Shipwreck Coin,ngc 1783 Mo Ff 2 Reales El Cazador Shipwreck Coin,ngc Certified Excellent Condition1783 Mo Ff Mexico 8 Reales El Cazador 8r Shipwreck Coin,ngc Certified,very Good1771 Mo F Mexico 2 Reales Pillar Coin El Cazador Shipwreck Ngc Certified,story &1556, Spain, Philip Ii. Beautiful & Early Silver 2 Reales Cob Coin. Assayer: P!Rare Pirate Spanish 8 Maravedis Cobs Coins Of King Philip Found On Oak Island!1783 Mo Ff 2 Reales El Cazador Shipwreck Coin,ngc Certified Excellent ConditionSpain 1600s Silver 8 Reales Recovered The First Year Of The Atocha Discovery1685 Spain Reales Carolus Ii Silver Coin 1783 Mo Ff 2 Reales El Cazador Shipwreck Coin,ngc Certified Excellent ConditionRare 1866 Portugal Silver 100 Reis Coin, Ngc-au53 !! OriginalInv #m74 Spain Silver 5 Peseta Crowns Mixed Date Group Lot 10 Pieces #10Rare Pirate Spanish 8 Maravedis Cobs Coins Of King Philip Found On Oak Island!Rare Pirate Spanish 8 Maravedis Cobs Coins Of King Philip Found On Oak Island!Spain - Silver - 8 Reales - King Fernando Vii - Year 1820Spain Madrid 8 Escudos 1773 Charles Iii 24gr. Carlos Bourbon No Gold1996 Spain Unesco Mérida 2000 Pesetas Silver (.925) Coin Lot Of 35 Uncertain Spain Ae Pirates Coins From Reyes Catolicos To Philip Iv 1825 Spain 8 Reales SilverInv #m71 Spain Silver 5 Peseta Crowns Mixed Date Group Lot 10 Pieces #7Inv #m72 Spain Silver 5 Peseta Crowns Mixed Date Group Lot 10 Pieces #8Inv #m65 Spain Silver 5 Peseta Crowns Mixed Date Group Lot 9 Pieces #1Inv #m67 Spain Silver 5 Peseta Crowns Mixed Date Group Lot 10 Pieces #3Inv #m66 Spain Silver 5 Peseta Crowns Mixed Date Group Lot 10 Pieces #2Inv #m73 Spain Silver 5 Peseta Crowns Mixed Date Group Lot 10 Pieces #9Inv #m68 Spain Silver 5 Peseta Crowns Mixed Date Group Lot 10 Pieces #4Inv #m70 Spain Silver 5 Peseta Crowns Mixed Date Group Lot 10 Pieces #6Inv #m69 Spain Silver 5 Peseta Crowns Mixed Date Group Lot 10 Pieces #5.900 Silver 1871 (75) De-m Spain 5 Pesetas Km#666 Amadeo I Pcgs Xf40 37mm Crown8 Reales Of Carlos Iv. Year 1699. Potosi Mint. Counterstamp 960 Reis Brazil.Spain 1870sn-m 5 Pesetas Silver Crown Xf-auSpain - 1997 2000 Pesetas Silver Proof - "3rd Ibero-american Series"Spanish / Franche Comte Dole Silver 1/32 Patagon 1622 Philippe Lv Hammered CoinAtocha 8 Reale Plaque Mel Fisher--bu-- España Spain Alfonso Xiii 1898 Star 18-98 Sgv 5 Pesetas Silver Coin España Spain Amadeo I 1871 Star 18-74 Dem 5 Pesetas Silver Coin Vf