THE 2006 PNNA CONVENTION SOUVENIR COMMEMORATIVE
by Greg Franck-Weiby
 The
design of this type is adapted from what is usually called the "Pillar" type, although, as
illustrated by the 2004 PNNA convention medal, there were other Spanish colonial types more
accurately called 'pillar' types. Spanish speaking numismatists call this type
'dos mundos' or 'two worlds', as the two globes represent the Old World and the New World
(both under the Spanish Crown). The pillars have 'plus' and 'ultra' on ribbons wrapped
around them; there is commonly repeated speculation that a quick sketch of a pillar with its
ribbon - as a readily recognized reference to the high quality machine struck Spanish
colonial coinage - was the origin of the $ dollar sign.
The design was used on all silver denominations, 1/2, 1, 2, 4, and 8 reales or 'royals'.
The latter denomination (the 'piece of eight') was what the British North American colonists
called the 'Spanish Milled Dollar' that was adopted by the United States for our dollar
unit. The type was introduced at Mexico City in 1732, and eventually struck at half a dozen
Spanish colonial mints until replaced by the royal portrait type in 1772. The PNNA medal is
closest to the size of the one real denomination.
These were the most common silver coins (of what little silver coinage was available to
the British North American colonists) in circulation at the time of the American War of
Independence. The ones most commonly encountered by the colonists were from Mexico City,
followed by those of Lima, Peru, and Potosi, Upper Peru (later Bolivia). Much less common
were coins of Guatemala City, Nueva Reina - Santa Fe de Bogota (in New Granada, later
Colombia), and Santiago (Chile).
On the shield, in addition to the usual lions, castles and pomegranate, there is an
additional small shield in the middle of the larger one; the three fleurs de lis on
the smaller shield represent the French Royal House of Bourbon (Borbon in Spanish), the
successors to the Austrian Hapsburg dynasty in Spain (Philip V, in whose reign the dos
mundos type was introduced, was a great-nephew of French King Louis XIV). The foremost of
the two globes represents the New World, most of which was Spanish territory. However,
within the outline of South America, there is a line showing the boundary of Brazil, which
was Portuguese territory. On the PNNA medals, that border line being clearly struck up is
the diagnostic feature of a full strike. (Only the pewter pieces were struck on the small
screw press; the silver, copper, and gold strikes in the collector sets were struck, as with
several of these medal types, on a 20 ton hydraulic press.)
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