Provincial Coinage
This new coinage was called provincial coinage, been used only for inland trade in the peninsula, as opposed to coins struck in the American Colonies, that maintained the old standard destined to the so called international trade.
The provincial coinage was struck in the Royal Mints of Cuenca, Madrid, Segovia and Seville, in values of minor coinage, but the larger values were only minted in 1718 in Seville.
A new Royal Order in 1728, changes the design of the American Colonies coinage to the pillar dollar type and declares the value of the new coin peso or 8 reales for international trade.
