Etymology:
The word "doubloon" comes from the Spanish word "doblón", which means "doubloon" or "double".
Meaning:
A doubloon is a Spanish gold coin, typically weighing around 1 oz (28 grams) and having a value of two escudos (pesos).
Origin:
The doubloon was first minted in 1535 in Spain by Charles V. It was intended to be a double of the smaller escudo coin, which was worth one peso. The doubloon quickly became popular in international trade, especially in the Americas and the Caribbean.
During the 17th and 18th centuries, the doubloon was one of the most widely circulated gold coins in the world. It was used by pirates, merchants, and governments alike as a form of currency and a store of value.
In the 19th century, the Spanish colonial empire began to collapse, and the minting of doubloons declined. Today, doubloons are mainly collected as numismatic items and are not used as currency.
Additional Information:
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