The Mexican Mint was the place where the first coin in Latin America was minted in 1536. This coin, known as the “real de a ocho”, became one of the most used coins in international trade for several centuries.
The “real de a ocho” was a large silver coin that weighed approximately 27 grams. Its name came from the fact that it was divided into eight parts, known as “reales.” Each real could be used as an independent monetary unit, facilitating transactions in a diverse and global trade context.
This coin was minted in Mexico due to the abundance of silver in the region and the presence of the Mint, which was established in Mexico City in 1535. The Mexican Mint was the first mint established in America and played a fundamental role in the production of coins that were used in both domestic and international trade.
The “real de a ocho” became very popular in Europe, Asia and America due to its widespread acceptance and stable value. The coin became the basis for many other silver coins in circulation around the world. Furthermore, the widespread acceptance of the “real de a ocho” in international trade led to the development of complex financial and commercial systems in different parts of the world.
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