4/10
Charles I
1542Mexico
Denomination
0.06 Real
Estimated Value
Unknown
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This is the 1542 Circulation issue with a mintage of unknown. Formerly KM#1 Also known as "Carlos I and Juana" These Maravedis coins where made to be used by the Natives to replace barter which had until then been their main way of trade. They rejected the coins as they where seen as inferior to the Silver Reales and a way for the Conquistadores to take their merchandise in exchange for mere copper. Most of these coins where thrown to the Texcoco Lake by them; this was the main source for these coins for prospectors, and it is the reason why most of them are rusted after passing centuries underwater or in muddy soil after the lake was reduced in size.