From the moment of Puerto Rico was uncovered in 1493, to 1899, when the united state exchanged the Puerto Rican "peso" come the dollar, the coins of many countries circulated openly in the island. Throughout the colonization of Puerto Rico, the money that was supplied in Puerto Rico, was the of Spain. Start in the 17th century, the provincial currency (silver) minted in the Casa de Moneda de Madrid, in the denominations that 1 peso, 40 cents, 20 cents, 10 cents and 5 cents. These five denominations had a typical design, v the number of Alfonso XIII (1886 - 1931) young by a side and theother the shield the Spain, through the real crown in between the two columnsof Hercules and the Puerto Rico inscription.
Units: 600.000 coins were minted in its very first year that production, 1895 Puerto Rico PG V Material: silver 835/1000Weight: 1,25grDiameter: 16,5mmEstimated worth $100-$125
10 Centavos de Peso
Units: 700,000 coins were produced in its first year of production, 1895 Puerto Rico PG V Material: silver 835/1000Weight: 2,5grDiameter: 18,5mmEstimated value $100-150
20 Centavos de Peso
Units: 3.350.006 coins were produced in its very first year the production, 1895 Puerto Rico PG V product Silver 835/1000Weight: 5grDiameter: 23,5mm
40 Centavos de Peso
Units: 752.002 coins were produced in its very first year that production, 1895 Puerto Rico PG V Material: silver- 835/1000Weight: 10gr Diameter: 31mmEstimated worth $300-400 1 Peso
Units: 8.500.021 coins were produced in its first year the production, 1895 Puerto Rico PG V Material: silver- 900/1000Weight: 25 grDiameter: 37,5mm
Spanish and American currencies that 1898
The one of Spain it to be worth 5 pesetas and the American 1 dollar. From 1895-96 the Puerto Rican provincial peso was in circulation,but at the start of the 20th century an interchange take it place, paying 60 cents of a dollar, which developed a serious problem to investors, banks and the economy in general. The Puerto Rican currency had more value, in silver, that the one native the USA, yet this one was endorsed in gold and also the Puerto Rican just by its very own weight in silver. In the finish the Puerto Rican peso was fused to make the disagreement of 1902.
The Puerto Rican 5 pesos, series D, of the SpanishBank of Puerto Rico. The bank was established on 1888, of exclusive capital and also ithad license from the Spanish federal government to concern notes throughout 25 years(1888-1913). After the Spanish-American war the bank was renamed bank of Puerto Rico. The front shows the head the Queen Maria Cristina.
The Puerto Rican bilingual note of 200 pesos or dollars. This note was issued by the financial institution of Puerto Rico (Bank the Porto Rico) simply a short time after the cession the the Island. The treaty of Paris compelled the United says to respect all licenses or reliable concessions, factor why the bank of Puerto Rico, old Spanish financial institution of Puerto Rico, continued this operationuntil its liquidation in 1913. In the beginning, the bank of PuertoRico reprinted Spanish bills through red ink with the phrase"American currency". The reprinted Spanish bills were those thathad the Paschal Lamb, rather of Queen Maria Cristina.
Interesting FactAfter one hundred years of usage of the joined States financial system, Puerto Ricans still refer to the dollar, together the "peso"; come "quarter" (25 cents), together "peseta"; to "nickel" (5 cents), together "vellon" or "ficha" and also to the cent, together "chavo" or "perrita".