Eight Real Coin
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Eight Real Coin
The Spanish dollar, also known as the piece of eight ( es, Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g = 0.822 oz t fine silver. It was widely used as the first world currency, international currency because of its uniformity in standard and milling characteristics. Some countries countermarked the Spanish dollar so it could be used as their local currency. Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the late 18th century. The Spanish dollar was the coin upon which the original United States dollar was based (at 0.7735 oz t = 24.0566 g), and it remained legal tender in the United States until the Coinage Act of 1857. Many other currencies around the world, such as the Japanese yen and the Yuan (currency), Chinese yuan, were initially based on the Span ...
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Catholic Monarchs
The Catholic Monarchs were Queen Isabella I of Castile and King Ferdinand II of Aragon, whose marriage and joint rule marked the ''de facto'' unification of Spain. They were both from the House of Trastámara and were second cousins, being both descended from John I of Castile; to remove the obstacle that this consanguinity would otherwise have posed to their marriage under canon law, they were given a papal dispensation by Sixtus IV. They married on October 19, 1469, in the city of Valladolid; Isabella was eighteen years old and Ferdinand a year younger. It is generally accepted by most scholars that the unification of Spain can essentially be traced back to the marriage of Ferdinand and Isabella. Spain was formed as a dynastic union of two crowns rather than a unitary state, as Castile and Aragon remained separate kingdoms until the Nueva Planta decrees of 1707–16. The court of Ferdinand and Isabella was constantly on the move, in order to bolster local support for the c ...
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