How old is doubloon?

The year 1516 marked a significant moment in the history of currency, as it was the period when the first doubloons were minted in Spain. This gold coin played a crucial role in the economy of the time.

During the 16th century, doubloons began to gain prominence in international trade. Their high gold content and recognized value made them a favorite among merchants and traders across various regions.

As the 17th century progressed, doubloons became even more prevalent. They were widely used not only in legitimate commercial transactions but also in the illegal world of piracy.

Pirates of the era often targeted ships carrying doubloons, as these coins represented a substantial source of wealth. The high demand for doubloons among pirates further solidified their status as a key currency in both legal and illegal commerce.

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