QSB is proud to announce the first issue of Regency Mint’s Collector Classic Series, where historic coins are reborn. This series will feature the designs of Vintage World Coins as .999 Fine Silver bullion medals.
Each Pillar Dollar round is unique due to the Antiqued finish that is applied. This gives the sense of an old Spanish coin that was recovered from a Pirate treasure or shipwreck. Each piece is struck in .999 Fine Silver, and weighs between 30.5 and 31.5 grams each (a little under to a little over one troy ounce). The original coins were issued weighing 27.47 grams with a fineness of 0.93055, giving an ASW (actual silver weight) of 0.8218 troy ounces.
History of Spanish Pillar Dollars
All foreign silver and gold coins were legal tender in the U.S. until 1857. This means that everyone from George Washington to Abraham Lincoln used Spanish coins due to the lack of circulating coinage in the country until then. This also includes coins for Spanish colonies such as the Mexican, French, Portuguese, Brazilian and British colonies.
The obverse has “VTRAQUE VNUM” above in Latin, which translates as “BOTH ARE ONE”, referring to the two hemispheres shown below, which reminds the holder of Spain’s influence in the East and the West. Aside the two sides of the globe are two crowned pillars, which represent the Pillars of Hercules. Southern tip of Spain and the Rock of Gibraltar to the North, and either Monte Hacho or Jebel Musa on the North shore of Africa, marking the Southern side of the opening to the Mediterranean Sea. The wreaths on the two pillars say “PLUS” and “ULTRA”, meaning “MORE BEYOND”, again stating the extent of the Spanish Empire beginning in the 15th century.