Hammered dollar. Mexico when released from the rule of Spain retained a large amount of
Spanish silver coins. The royal effigy on the silver dollar was officially battered or hammered out of
recognition, which served the double purpose of testifying to the emancipation of Mexico and of
keeping the coins at home. The silver dollar thus defaced was commonly designated as the
hammered dollar.
Spanish silver coins. The royal effigy on the silver dollar was officially battered or hammered out of
recognition, which served the double purpose of testifying to the emancipation of Mexico and of
keeping the coins at home. The silver dollar thus defaced was commonly designated as the
hammered dollar.
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