| Silver Reals. | ||
|---|---|---|
| Mark of copper, | 76 | |
| Of intrinsic value of | 68 | |
| The seigniorage being | 8 |
Philip V. was for many years prevented by the enormous expenditure caused by the revolt of Don Carlos from reform of this system, which he ultimately undertook and carried out. In 1707 he reduced the standard of silver to 10 dineros, of a tale of 75 reals to the mark, creating the money which is distinguished thenceforward by the name of Plata provincial. Page 331
By the regulation of 9th June 1728 the series of Plata nacional was lowered to 11 dineros fine (= .917) and a tale of 68 reals.
Of more importance was the Mint regulation of 16th July 1730, by which—
| Reales de Plata Provincial. | ||
|---|---|---|
| Mark of gold of 22 quilates fine was coined into | 1360 | |
| Delivered to the importer | 1280 | |
| Seigniorage | 80 | = 5.88 per cent. |
| Mark of silver of 11 dineros fine coined into | 85 | |
| Delivered to the importer | 80 | |
| Seigniorage | 5 | = 5.88 per cent. |