Piece of Eight or Peso
Piece of Eight or Peso : The peso was the main coin in the Spanish-American colonies. It was slightly larger than the 19th century U.S. silver dollar. It had a value of eight reales. Often the coin would be cut into 8 sections, each one representing 1 reale. Hence the name "piece of eight". The Spanish government minted an immense amount of these coins and they were widely circulated
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