The Spanish authorities were wary that these new coins, which did not bear the profile of the Spanish monarch but carried words like "LIBERTAD" (liberty), would incite a rebellion in the Philippines. However, they continued to trade with their former trade partners - the Philippines being one of them - but using their new coinage. At that time many South American Spanish colonies became independent republics. The first Philippine coins came into existance around 1830. It was accepted nearly anywhere, from North and South America to many parts of Asia and Europe, even outside the Spanish realm.
The world-famous "peice of eight" (8 reales) was one of the world's leading currencies during most of this time. This is so, because during most of the Spanish rule of the islands, the Philippines, like all Spanish colonies, used the same Spanish coins as legal tender. Printable play money, coin buyers, money bill, black aesthetic wallpaper, old coins.
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