Supporting numismatic coaching takes place in Albuquerque Mint Affiliation’s upcoming expo
ALBUQUERQUE, NM (KRQE) – America had no coinage facility until the mid-1790s. Commerce was carried out with foreign coins together with bartering.
The most common coin of this time was the Spanish 8 Reales, which was minted in Mexico and South America. Former Albuquerque Mint Club President Phil Vitale discusses the coin and its history.
The coin was essentially the size, weight, and silver content of what would later become our future dollar, and by the 1790s that was a lot of money for many people. While there were minor reals, the typical method was to chop the coin into eight “bits,” each worth 12.5 cents. People were so used to the system that when the mint started making coins in 1793, it minted half a cent that people could use as change.
From November 12th – November 14th, the ACC will host its Great Southwest Coin expo at the Marriott Pyramid Hotel. Traders from seven states will have millions of dollars in coins and currency available to the public to see and buy.
For more information on the Albuquerque Coin Club visit abqcc.org.