jan 1, 1650 - 1650: The silver content of coins from the Peruvian mint are discovered to have not met standards of the Spanish Dollar. This is a major scandal that harms the reputation of the Spanish Dollar In 1650, a declaration is issued to deny the Peruvian coins status as currency, and they are to be minted again in Spain. The debased Peruvian coins, however, continue to be widely circulated in the Americas. The debased coins are often used for fraud.

Description:

Sources:

Sumner, W. G. "The Spanish Dollar and the Colonial Shilling." The American Historical Review 3, no. 4 (1898): 607-19. doi:10.2307/1834139.

Stride, H. G. "THE MARIA THERESA THALER." The Numismatic Chronicle and Journal of the Royal Numismatic Society 16 (1956): 339-43. www.jstor.org/stable/42678400.

Added to timeline:

Date:

Images: