MEXICO, 25 centavos, 1874 MoM


MEXICO, REPUBLIC, 25 centavos, 1874 MoM, silver, 0.1965 ozT, KM406.7, weak center, scratches, toned XF-AU

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There was so much silver in Mexico that branch mints could profitably be set up in many cities, to the benefit of local trade.

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.