Historical Documents (61)

This event was held in the Palace of the Governors.

Friday, 05 October 2012 16:41

New Mexico's Money

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This is a Spanish 2 Reales COB coin minted in Lima, Peru in 1727.  The designation "COB" is from the Spanish cabo de barra, or the end of the bar.  To produce them, a shallow trench was dug into sand and molten silver poured into it.  When cool, a piece was cut from the end, crudely clipped until the weight was correct and then struck with the dies, which accounts for the irregular shape.  These coins were used throughout the Spanish colonies.

I acquired the coin from my friend Rod Frechette, who is the president of the Albuquerque Coin Club.  In honor of New Mexico's Centennial, Rod has created a display of many of the Spanish Colonial coin types that may have been brought to New Mexico up through the early 1800’s Latin American Revolutions.  The attached PowerPoint presentation is the first part of his work and gives a brief history of the Spanish era.  Give it some time to download and click to advance to the next slide.

You can find out more about the Albuquerque Coin Club at http://www.abqcc.org

--Mike Lord

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