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New World Mintage II: Santa Fe De Bogotá, Popayán, Santiago De Guatemala, Santiago De Chile, And Brazil (Rio De Janeiro, Bahia, And Villa Rica De Ouro Preto)

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Chapter Summary

The opening of the Mexican, Santo Domingo, Lima, and Potosí mints occurred in the sixteenth-century. Despite pressure from other parts of the empire for creation of casas de moneda, only one mint was established of the Spanish empire in the seventeenth century, at Santa Fe de Bogotá in the late 1620s in gold-rich New Granada. At the very end of the seventeenth century in 1694, the Portuguese set up a mint in Bahia in 1694, but in Spanish America Guatemala, Santiago de Chile , and Popayán waited until the eighteenth century for their cecas. Brazilian mints provide more coin in small denominations than those of Spanish America. Mints provide a source of coin for the payment of taxes to the crown in effective currency which had previously been paid in kind. The creation of state-run mints also increased royal authority in the Indies.

Keywords: Brazilian mints; casas de moneda; colonialmints; Popayán mint; Santa Fe de Bogotá; Santiago de Chile; Santiago de Guatemala



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