The Silver Eight Real or Real de a Ocho was a trusted international currency for centuries.
Before the Gold Standard there was a Silver Standard.
From the late 16th century through the 19th Century the Real de a Ocho was accepted in international trade
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Facts about the Real or Pieces of Eight
![Pieces of 8 front and back](https://i0.wp.com/smaulgld.com/wp-content/uploads/2017/05/Pieces-of-8-front-and-back.png?resize=361%2C189&ssl=1)
A 1821 example of a “Pillar Dollar” named because of the from the pillars that appear on the reverse.
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- Gold and silver found in the Americas in the early 1500’s.
- La Casa de Moneda de México, the official mint of Mexico was founded in 1535 – the first mint in the Americas.
- La Casa de Moneda de México minted coins from locally mined and silver gold.
- Spanish Conquistadors made silver finds and appropriated the silver for Spain.
- The sending of so much silver back to Spain caused Hyperinflation (increase in the money supply).
- 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.
“Two bits” is a quarter of a piece of eight.
The Descendant of the Real de a Ocho
![Mexican libertad silver coins obverse](https://i0.wp.com/smaulgld.com/wp-content/uploads/2015/09/mexican-libertads-obverse.png?resize=300%2C188&ssl=1)
Left: Mexican Silver Libertad 1996-present obverse design;Right:1982-1995 obverse design. Click to buy from Golden Eagle Coin
![Mexican libertad silver coins reverse](https://i0.wp.com/smaulgld.com/wp-content/uploads/2015/09/mexican-libertads-reverse.png?resize=300%2C181&ssl=1)
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
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