First Coins Minted In Mexico

Mackaydon

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The Mexico City mint was authorized by a royal decree of May 11, 1535.
Probably by the middle of 1536 the Mexico City mint commenced striking silver coins in denominations of 1/4, 1/2 1,2 and 3 reales.
Don....
 

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Salvor6

Salvor6

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Thanks Don.
 

Mackaydon

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My pleasure guys.
Here's another tidbit: The 3 reales coin was unpopular.
Another royal decree issued on Nov. 18,1537 authorized the striking of a 4R coin.
The 3R was then discontinued and the 'Piece of Eight' (8R) had yet to be authorized
Any coin from this first series (1536-1542) is rare and valuable. I can't recall seeing any on TNet.
All the best,

Don....
 

aquanut

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Don,
Have you ever heard of Cortez striking his own coins in Mexico before an actual mint was established there?
 

Mackaydon

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Aquanut,
This is the version I believe: Not long after the Conquest of Mexico by Hernan Cortes in 1519, the exploitation of Mexico’s mineral wealth demanded the need for amint. After ten years of petitioning, the Spanish crown finally issued a royal decree authorizing a mint in 1535 and sent the Castiliannobleman Antonio de Mendoza there to become the first viceroy in the Americas and to open the mint in Mexico City, where herequisitioned Cortes’ home for the purpose.
Don.......
Source: http://www.sedwickcoins.com/articles/carlosyjuana.pdf
 

Mackaydon

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Aguanut,
Here's a longer version:
Cortez first used the palace of Axay catl (father of Moctezuma II) for the task of minting coins.. This location may be considered the first foundry of New Spain. When Cortes moved into a home in 1521 , he established the second foundry in order to meet the demand for currency and produced “more than 130,000 castellanos” When the Viceroyalty of New Spain was established (11th of May of 1535) the Casa de Moneda was formally established. Beginning sometime in April of 1536 the first mint of the Americas started coining operations.
Don....
 

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