MEXICO, 1/4 real, 1862, Hermosillo mint


MEXICO, REPUBLIC, 1/4 real, 1862, Hermosillo mint, Obverse: eagle on cactus, EST. LIB. Y. SOBo. DE SONORA, reeded edge, copper, 32mm, KM365, edge flaw, weak rims, weak center too, edge bumps, VF

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In the early Republic copper coinage was left to the states to manage, coincidentally the way they had been handling copper coins in Central Asia for the previous few centuries.

Because of all of the silver and gold the Spanish colonialists found in Latin America Spain was able to prosecute the wars of the Counter-reformation. They built nice buildings for themselves but otherwise neglected local development. Mexico in particular was rich in resources and people, and was an economic power in the world. By that I mean that for about 300 years world trade was done mostly in what they called, back then, “Spanish dollars.” The vast majority of those were Mexican.