29/08/2026
In celebration of History Month, the Bangko Sentral ng Pilipinas (BSP) presents Confluence of Currents: The Galleon Trade in the BSP Collection.
Exhibit Spotlight: Dos Mundos or "A Piece of Eight" coin.
The Dos Mundos coin was first minted in 1732 and was one of the most widely used coins of its time.
It's a version of the "piece of eight," which was one of the most widely used coins in the world during the 1500s-1800s, the height of Spain's power, which coincided with the Galleon Trade. It was valued for its consistent weight and silver fineness. It's often mentioned in literature, including pirate stories.
Its obverse features the Spanish coat of arms. Its reverse features the dos mundos, two globes representing the Old and New Worlds, flanked by two pillars with a banner inscribed “Plus Ultra” ("more beyond"). It's also called the pillar coin.