MEXICO, Philip II, 1556-98, 1 real, no date

$150.00

MEXICO, Philip II, 1556-98, 1 real, no date (1572-90?), Obverse: Habsburg arms, PHILIPPVS DEI GRATIA, Mo to left, O to right, Reverse: knobbed cross in octalobe, castles and lions in angles, HISPANIARVM REX, silver, 23mm, 3.4g, ACC3481, wavy planchet, F-VF

1 in stock

SKU: 3013003 Categories: , Tag:

Description

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.