From the time of Puerto Rico was discovered in 1493, to 1899, when the us exchanged the Puerto Rican "peso" to the dollar, the coins of plenty of countries circulated freely in the island. Throughout the emigration of Puerto Rico, the money that was provided in Puerto Rico, was that of Spain. Start in the 17th century, the provincial money (silver) minted in the Casa de Moneda de Madrid, in the denominations of 1 peso, 40 cents, 20 cents, 10 cents and 5 cents. These 5 denominations had a usual design, through the number of Alfonso XIII (1886 - 1931) boy by a side and theother the shield the Spain, through the genuine crown between the two columnsof Hercules and the Puerto Rico inscription.

You are watching: What is the currency of puerto rico

Coins

5 Centavos de Peso

*
Units: 600.000 coins were produced in its first year of production, 1895 Puerto Rico PG V Material: silver- 835/1000Weight: 1,25grDiameter: 16,5mmEstimated value $100-$125

10 Centavos de Peso

*
Units: 700,000 coins were produced in its very first year of production, 1895 Puerto Rico PG V Material: silver- 835/1000Weight: 2,5grDiameter: 18,5mmEstimated worth $100-150

20 Centavos de Peso

*
Units: 3.350.006 coins were minted in its very first year of production, 1895 Puerto Rico PG V material Silver 835/1000Weight: 5grDiameter: 23,5mm

40 Centavos de Peso

*
Units: 752.002 coins were produced in its very first year that production, 1895 Puerto Rico PG V Material: silver 835/1000Weight: 10gr Diameter: 31mmEstimated worth $300-400 1 Peso
*
Units: 8.500.021 coins were produced in its an initial year of production, 1895 Puerto Rico PG V Material: silver 900/1000Weight: 25 grDiameter: 37,5mm


*
Spanish and also American currencies that 1898

Interesting Fact:

The one of Spain it was worth 5 pesetas and the American 1 dollar. Native 1895-96 the Puerto Rican provincial peso was in circulation,but in ~ the beginning of the 20th century an interchange took place, paying 60 cent of a dollar, which developed a serious trouble to investors, banks and the economic situation in general. The Puerto Rican money had an ext value, in silver, that the one from the USA, but this one was endorsed in gold and also the Puerto Rican just by its own weight in silver. In the finish the Puerto Rican peso was fused to make the dissension of 1902.


Notes/Bills

*
*
The Puerto Rican 5 pesos, series D, the the SpanishBank of Puerto Rico. The bank was established on 1888, of private capital and also ithad license from the Spanish government to issue notes during 25 years(1888-1913). ~ the Spanish-American battle the bank was renamed bank of Puerto Rico. The front mirrors the head that Queen Maria Cristina.

*
The Puerto Rican bilingual keep in mind of 200 pesos or dollars. This note was authorize by the financial institution of Puerto Rico (Bank of Porto Rico) just a short time after ~ the cession the the Island. The contract of Paris compelled the United states to respect all licenses or effective concessions, factor why the financial institution of Puerto Rico, old Spanish financial institution of Puerto Rico, ongoing this operationuntil that is liquidation in 1913. In the beginning, the bank of PuertoRico reprinted Spanish bills through red ink with the phrase"American currency". The reprinted Spanish bills to be those thathad the Paschal Lamb, instead of Queen Maria Cristina.

See more: How Big Is 200 Sq Ft ? How To Visualize Square Feet


Interesting FactAfter one century of usage of the united States financial system, Puerto Ricans still describe the dollar, together the "peso"; to "quarter" (25 cents), together "peseta"; to "nickel" (5 cents), as "vellon" or "ficha" and to the cent, together "chavo" or "perrita".