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Open the Spanish central and South America were rich in gold and silver. At this time, even a new word "conquistadors", which literally means "conquerors". New colonies gave Spain as much gold and silver, that mints Empire were able to provide coins all over Europe. For example, France coined Louis d'Or ("Golden Louis"). Mexican silver mining was conducted so vigorously that the coins soon became coined on the spot, not carrying metal in Europe. The ships were already in the form of silver finished coins. Since local chasers were professionalism, coins were irregularly angular in shape. The name "Peso" was coming to them in the best way possible — in fact, they're quite resembled pieces of silver. The colonists themselves called them makukinami (macuquina) and in Europe behind them, stuck the name "ship pesos" — spoiled the Europeans hinted that coins were minted curves directly on ships during navigation. Due to poor quality of valuable cargo are often sent directly to the facility. So, from 1537 till 1888 year was released on the order of 3 billion pesos, and most of them served as raw material for mints in Europe.
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