Description:This is a genuine Spanish silver coin that was minted in the colonial South American mint of Potosi, Peru. Coins minted here during the 16th to 18th centuries began the perilous journey to Spain in a South Sea galleon sailing from Lima to Panama, where they were then transported by mules overland to the Caribbean port of Portobello. From there, these treasure coins were loaded on another galleon sailing en route to Cartagena and then Havana.
Other ships bringing treasure from Mexico and as far away as Asia, via the Manila Galleons, rendezvoused in Havana for the convoy of the Spanish West Indies Fleets' return to Spain. Over the centuries, Spainís mighty armada strove diligently to deliver the wealth to the Crown, however, large amounts of Spanish treasure would be lost on land and at sea due to pirates, storms and other unforeseen misfortunes.
The 18th century was a prosperous time for the Spanish Empire as trade grew steadily within its territories and colonies in Europe, the Americas, Asia and Oceana. The Bourbon reforms of Ferdinand VI and his father Philip V, included a major modernization of the Spanish Navy. This enabled Spain's crucial victory in the 1741 Caribbean port Battle of Cartagena de Indias against a massive British fleet and army, allowing Spain to secure its dominance of Spanish America until the 19th century.