| Everyone who has been to school has, at some | | | | debasement aggravated by the growth of long |
| point, learned about the Age of Discovery. It's | | | | distance trade. Coins sailed away in Dutch trading |
| been a favorite of high school history teachers | | | | ships to the East, never to return. Coinage was |
| from time immemorial (probably back to the Age | | | | stretched to the limit. The desire to trade spurred |
| of... Discovery.) | | | | a need for money - for finding new deposits of |
| On its face, the study of what happened in | | | | silver and gold to mine. |
| Europe in the 15th to 17th centuries may seem a | | | | It was the Spanish who provided the most of the |
| dry and daunting task. | | | | solution. The greatest infusion of circulating coin |
| It needn't be. | | | | came from 15th century Spanish discoveries in |
| Teachers, one way to put some "juice" into this | | | | the New World, which happened as a byproduct |
| topic would be to consult one of your in-house | | | | of Spain's search for a shorter trading route to |
| coin collectors. If you are lucky enough to have | | | | Asia. |
| any budding numismatists in your classes, ask | | | | And this suggests another coin-assisted way to |
| them for a report on the role of coinage in the | | | | present the Age of Discovery... sunken treasure |
| Age of Discovery. | | | | coins. |
| Now realize that beginning coin collectors may | | | | Many of us have been fascinated with stories of |
| know nothing more about this topic than anyone | | | | lost treasure, especially in recent years as |
| else in class, but when they realize the importance | | | | technology for undersea archeology and treasure |
| of coins to this subject they often perk up. | | | | salvage has developed. (Collectors of US coins |
| In case you don't know, here are the basics: | | | | often become aware of treasure coins when |
| The Middle Ages in Europe were on the wane as | | | | they learn more about the coinage of the colonies |
| the earliest travelers returned from the Far East | | | | - most of which was Spanish silver.) |
| (think, Marco Polo) with odd and curious | | | | The classic treasure tale involves a early Spanish |
| brick-a-brack, and... spices. Spices became valued, | | | | or Dutch vessel, sunk in a storm with all hands, |
| and enthusiasm for them grew as Europeans | | | | loaded to the gunwales with coins of silver and |
| learned to liven up their cooking by using them. | | | | gold. Some of the largest finds have been from |
| Equally compelling was how spices could extend | | | | ships that sailed during the latter years of the |
| the life of food that was, shall we say, past its | | | | Age of Discovery. The long risky voyages of the |
| prime. This was perhaps an early application of | | | | "plate fleets", moving silver and gold coins from |
| "perception is reality" thinking. | | | | the Americas to Europe, and then on trading ships |
| The spice trade was also an early spur to | | | | from Europe to the Far East, are well |
| post-medieval European economies. To trade with | | | | documented in the records of the early marine |
| the Far East, where the spices came from, | | | | insurance firms. |
| required money. Money, in those days, was coins. | | | | Holding in your hands a rough silver Spanish |
| To this day, there is an abiding fondness in the | | | | American 8 reale coin from the Mexico City mint, |
| East for precious metals, especially silver. | | | | struck in the 1600s and lost in a howling hurricane |
| But Europeans had few coins to trade with other | | | | off the Florida coast will tend to bring history to |
| than the small, silver, hammer struck pennies so | | | | life. Likewise a large Dutch "silver rider" coin made |
| prevalent in the Middle Ages. Medieval coinage had | | | | from Spanish silver, lost on an unlucky merchant |
| trended downward in weight and purity, a | | | | ship will have an equally colorful tale to tell. |