What Currency In Puerto Rico

Puerto Rico'south Monetary History

From the time of Puerto Rico was discovered in 1493, to 1899, when the US exchanged the Puerto Rican "peso" to the dollar, the coins of many countries circulated freely in the isle. During the colonization of Puerto Rico, the coin that was used in Puerto Rico, was that of Spain. Showtime in the 17th century, the provincial currency (silver) minted in the Casa de Moneda de Madrid, in the denominations of 1 peso, 40 cents, 20 cents, 10 cents and 5 cents. These five denominations had a common design, with the figure of Alfonso XIII (1886 - 1931) boy past a side and the other the shield of Spain, with the existent crown between the two columns of Hercules and the Puerto Rico inscription.

Coins

5 Centavos de Peso

Units: 600.000 coins were minted in its first twelvemonth of production, 1895 Puerto Rico PG 5
Material: Silver 835/grand
Weight: 1,25gr
Diameter: 16,5mm
Estimated Value $100-$125

ten Centavos de Peso

Units: 700,000 coins were minted in its commencement twelvemonth of product, 1895 Puerto Rico PG Five
Fabric: Silver 835/1000
Weight: 2,5gr
Diameter: 18,5mm
Estimated Value $100-150

20 Centavos de Peso

Units: iii.350.006 coins were minted in its first twelvemonth of production, 1895 Puerto Rico PG 5
Textile Silver 835/thou
Weight: 5gr
Diameter: 23,5mm

40 Centavos de Peso

Units: 752.002 coins were minted in its beginning twelvemonth of production, 1895 Puerto Rico PG V
Textile: Silvery 835/1000
Weight: 10gr
Diameter: 31mm
Estimated Value $300-400

1 Peso

Units: eight.500.021 coins were minted in its first twelvemonth of production, 1895 Puerto Rico PG 5 Textile: Silver 900/yard
Weight: 25 gr
Diameter: 37,5mm

Spanish and American currencies of 1898

Interesting Fact:

The i of Spain information technology was worth 5 pesetas and the American one dollar. From 1895-96 the Puerto Rican provincial peso was in circulation, but at the starting time of the 20th century an interchange took place, paying 60 cents of a dollar, which created a serious trouble to investors, banks and the economy in full general. The Puerto Rican currency had more value, in silvery, that the ane from the Us, but this one was endorsed in golden and the Puerto Rican just by its ain weight in silver. In the stop the Puerto Rican peso was fused to make the dollar of 1902.

Notes/Bills

The Puerto Rican 5 pesos, serial D, of the Spanish Banking company of Puerto Rico. The bank was founded on 1888, of individual majuscule and it had license from the Castilian government to issue notes during 25 years (1888-1913). Subsequently the Spanish-American War the banking company was renamed Bank of Puerto Rico. The forepart shows the head of Queen Maria Cristina.

The Puerto Rican bilingual note of 200 pesos or dollars. This notation was issued by the Bank of Puerto Rico (Bank of Porto Rico) only a brusk time after the cession of the Island. The Treaty of Paris forced the Us to respect all licenses or effective concessions, reason why the Banking company of Puerto Rico, old Spanish Bank of Puerto Rico, continued this operation until its liquidation in 1913. In the beginning, the Banking concern of Puerto Rico reprinted Spanish bills with cherry ink with the phrase "American currency". The reprinted Spanish bills were those that had the Paschal Lamb, instead of Queen Maria Cristina.

Interesting Fact
Later on one hundred years of use of the United States monetary system, Puerto Ricans still refer to the dollar, as the "peso"; to "quarter" (25 cents), as "peseta"; to "nickel" (5 cents), as "vellon" or "ficha" and to the cent, as "chavo" or "perrita".

Glossary

mint: a place where coins, medals, or tokens are made

Sources