Spanish Silver Finds a Market for Chinese Silk.
Smaulgld Live Stream – March 23, 2019
Last night we discussed Spanish discovery of silver riches in the Americas and how it contributed to a global economy.
Watch “A Flood of Silver Heads To China”
Resources:
Welcome to the latest installments of Smaulgld’s History of Silver (You Tube playlist)
The Birth of Global Trade and a Global Currency.
The town of Potosi in Bolivia the site of the world’s largest silver finds in the 16th century.
A high quality piece of eight or Spanish Dollar began to be produced around 1600 and weighed 0.883125 troy ounces and was made of 93% fine silver.
The Piece of Eight was use in commerce in the “New World”, Spain and for international trade because it was a trusted standard unit of account.
The Piece of Eight was trusted not because of the promise of a government but because of the standard weight and silver purity.
The Piece of Eight was considered Legal Tender in the United States until 1857, despite the U.S. having a functioning mint since 1792.
The Piece of Eight was accepted in international trade well into the mid to late 1800’s.
The Descendant of the Real de a Ocho
Left: Mexican Silver Libertad 1996-present obverse design;Right:1982-1995 obverse design. Click to buy from Golden Eagle Coin
Left Mexican Silver Libertad 1996-present reverse design;Right:1982-1995 reverse design. Click to buy from Golden Eagle Coin.
Compare Pricing and Shipping on Mexican Silver Libertad Coins
Copper cash and silver ingots taels 1.2 ounces worth about 1,000 copper cash
The Silver Way Ruta de la Plata-by Peter Gordon Juan Jose Morales
Great Courses
Ming Dynasty Trade and Spanish Silver
Lecture no. 17 from the course: Understanding Imperial China: Dynasties, Life, and Culture- Professor Andrew R. Wilson
1571: Spain, Portugal Encircle the Globe
Lecture no. 7 from the course: An Economic History of the World since 1400-Professor Donald J. Harreld
The Spanish Main: Trade Convoys and Piracy
Lecture no. 17 from the course: The History of Spain: Land on a Crossroad – Professor Joyce E. Salisbury
Compare American Silver Eagles for sale at:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Compare Pricing and Shipping on American Gold Eagle Coins
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
SD Bullion
Golden Eagle Coins
Money Metals Exchange
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