Puerto Rican peso
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The peso was a currency of Puerto Rico between 1812 and 1898.
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[edit] History
The peso was initially subdivided into 8 reales and was equivalent to 8 Spanish reales. Between 1812 and 1819, the peso was issued in banknote form. No further issues of currency were made specifically for use in Puerto Rico until the 1880s. By this time, the peso was subdivided into 100 centavos and was equivalent to 5 Spanish pesetas. Banknotes and overstamped coins were issued in the 1880s, with regular coins following in the 1890s. The peso was replaced by the dollar at par, following Puerto Rico's transfer to the United States of America in 1898.
[edit] Coins
In 1884, a number of different coins were countermarked with a fleur-de-lis for circulation on Puerto Rico. Spanish 2, 4 and 8 reales, and 5 and 10 centimos, U.S. 20 cents, quarters, halves and dollars were all countermarked and used until they were redeemed in 1894.
In 1895, silver 20 centavos and 1 peso coins were introduced, followed in 1896 by silver 5, 10 and 40 centavos. The 1 peso coins bore the denomination as "1 PESO = 5 P.TAS".
[edit] Banknotes
The National Treasury issued 8 reales notes in 1812 and 1813, followed by 3 and 5 pesos notes between 1814 and 1819. Around 1880, the Compania de los Ferro-Carriles de Puerto Rico issued 5 pesos notes. At some time, the Caja de Ahorros de Ponce issued 50 pesos notes.
In 1889, the Banco Español de Puerto Rico introduced notes in denominations of 5, 10, 20, 50, 100 and 200 pesos. The Ministerio de Ultramar issued 1 peso notes in 1895. The first notes issued under the U.S. administration were Banco Español 5 pesos notes overstamped with the words "Moneda Americana". The second issue was denominated in both pesos and dollars.
[edit] References
- Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. Bruce II and Neil Shafer (editors), 7th ed., Krause Publications. ISBN 0-87341-207-9.
- Pick, Albert (1990). Standard Catalog of World Paper Money: Specialized Issues, Colin R. Bruce II and Neil Shafer (editors), 6th ed., Krause Publications. ISBN 0-87341-149-8.
[edit] External links
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