Hi guys, Welcome to the Advanced Video Search Engine, and you are watching 1783 Spanish 8 Reales Silver Coin. That video is uploaded by goldsilverman at 2012-07-20T14:38:16-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [NDZ94kjBTts]
| Name | 1783 Spanish 8 Reales Silver Coin |
| Video Uploader | Video From goldsilverman |
| Upload Date | This Video Uploaded At 20-07-2012 21:38:16 |
| Video Discription | A world trade coin, the exemplar for the United States silver dollar or "unit" described in the Coinage Act of 1792. Except this Spanish Eight Reales silver coin is a bit heavier in terms of ASW or actual silver weight. Instead of the roughly 0.77 troy ounce pure silver in the US dollar, these coins had a bit over 0.78. Earlier minted 8 reales were of even heavier stock, an example of currency debasement. Spainkrupt? Fuggers would hardly be surprised. This coin, like many of its kind, was valued and accepted only to the extent of its pure silver content. This fact is attested to by the numerous chop marks or bankers stamps into the surface, which appear to be mostly from Asian countries judging by the characters. These sellers did not accept the coins because the Spanish monarchy stamped "8 reales" on it. The accepted the coins based on their perceived pure silver content. The unique edge of the coin is an attempt to discourage coin clipping. This practice also attests to the importance of the metal over the stamped denomination on the coin. You can clip off the edges of as many hundred dollar bills or half-dollars as you want today, and they won't be good for anything. But the silver in these coins was worth scraping or cutting off in little bits in order to amass a bag full of spare silver. NDZ94kjBTts |
| Category | Education |
| Tags | lmu | euro | one currency | global currency | silver history | history of silver | silverless coins | sandwich coins | december 27 2012 | december 28 2012 | december 29 2012 | december 30 2012 | december 31 2012 | 12 27 12 | 12 27 2012 | 12 28 12 | 12 29 12 | 12 30 12 | 12 31 12 | 12 28 2012 | 12 29 2012 | 12 30 2012 | 12 31 2012 |
