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