puerto_rico closely follow historic development puerto_rico colony spain united_states puerto_rico granted use foreign provincial following spanish colonization puerto_rico important port supply gold mineral reserves ran century archipelago economy suffered spanish crown issued meant semi regular shipment gold sent island way provide economic support philip spain imposed tax paid revenue stamp inspired puerto_rico began producing colony print real spanish government approval subsequent issues discontinued 19th century creating economic crisis result mexico gaining independence spain colonial governor office ordered issue provincial creating puerto rican printing ceased following decades foreign coins widespread currency 1860s 1870s february inaugurated began issuing bank designed series placed circulation spanish rule royal decree ordered production provincial coins august spanish american war ended spain puerto_rico united_states renamed issued bills equivalent united_states dollar creating dollar issued parallel manner series issued puerto_rico economy monetary system fully integrated economic monetary system dollars issued dollar followed contemporary issues including commemorative private currency quarter coin designed fort san del face early licenses issued juan began colonization process puerto_rico archipelago strategic military location spain protect colonies possessions america vessels main point attempting long trading key economy mines rivers main island puerto_rico known depleted puerto_rico began suffering shortage gold income reduced drastically recession beginning 16th century spanish crown forced issue monetary support decree archipelago known supplied royal banks central_america particularly mexico aid failed arrive contributing economical instability exacerbated factors including costs running efficient military lack commercial prosperity natural conditions disasters contributed costs maintaining fortresses hurricanes damaged destroying crops shortening laborers municipalities suffered forced implement taxes including del lit wind tax imposed foreign suppliers taxes barely helped receive royal certification bureaucratic procedure usually lasted years reached established deadline process repeated taking extended time january december philip spain imposed payment puerto_rico debt paid currency papers bearing royal seal researchers believe use documents impact production puerto_rico time documents short supply arrival cases government officials stamp current date old papers claim research puerto_rico place america print real establishing date achievement putting puerto_rico ahead decades cuba hispaniola spain researchers divided types issued varieties classified issued printed manufactured method referred printed bore stamps listing numbers letters spanish crown approved subsequent issues conditioning collected shipped lacking paper money widespread manner main island requirements met possible example reclaimed authorities birth puerto rican 19th century issuing concluded deliveries brought forth critical economical crisis puerto_rico moment colonial governor office ordered production provincial paper money decree officially enacted august equivalent spanish produced hand featured quantities thousands worth mechanical printing arrived puerto_rico years earlier issued notes produced hand stamped tradition collecting paper money continued reduced surviving drastically notes printed featured combination printed types stamps printing puerto_rico featured patterns prevent production featuring denominations adorned spain royal seal color varying depending date issue real featured lamb security measures ineffective eventually copies denominations circulating widespread manner forcing cities outside san_juan use decided way prevent asking spain produce sealed paper printing issue bore signatures dropped subsequent year end constitution february arrived puerto_rico immediately named office eventually establishing control trade puerto_rico originally guatemala served political positions member newspaper specialized archipelago economy noted time denominations forged large quantities publication claimed likely produced locations caribbean based fact royal press existed puerto_rico modern researchers maintain copies produced locally clandestine manner based report emphasizes designs false real notes crude ink spread touched wouldn possible produced particularly ink dry voyage countries time paper notes began disappearing stated old pieces ferdinand vii refused renew spanish constitution returning empire method government consequently contacted allies philadelphia commissioned production denominations issues printed murray featured signatures treasurer designs featured spanish crown ferdinand vii profile varieties numbered manually official documentation letter decree spanish crown related creation notes surfaced issues collected destroyed extreme leaving dozen intact paper money negative perception created issue paper money brought production halt coins circulated archipelago spanish civil code imposed puerto_rico founded san_juan small bank provided annual interest subscribers institution business model followed banks founded southern region puerto_rico lit founded continued business institution issued notes denominations printed firm bills printed signed members bank board directors composed eminent puerto rican citizens existed issued local business entities puerto_rico founded group organized expeditions cuba offering supplies movements supported independence puerto_rico cuba founded puerto rican revolutionary friend group connections wealthy sugar industry larger bonds quantities printed june november order cover expenses planned revolutions august board issued notes denominations produced establish affordable alternative bonds issues circulated caribbean widespread spanish use kept clandestine avoid imprisonment royal authorities failure years war little war cuba december austria signed decree authorized railroad puerto_rico engineer received concession project march madrid established los lit decade east produced england circulated receiving signatures unidentified associate provincial coin strategic location countries began circulating puerto_rico trade government ordered collection coins exchange exchange notes took place royal decree ordered gathering coins arrived puerto_rico originally produced spain venezuela spanish manufacture exchange notes issued featured left significant deficit government budget decade later coins brought consequently distribution foreign coins received authorization circulation mexican silver approved government official entities eventually allowing public distribution saw opportunity profit bought mexican outside puerto_rico process gaining profit number different coins circulation puerto_rico spanish cents quarters halves dollars coins circulating puerto_rico mexican silver creating shortage currency resolve spain issued stating mexican coins replaced ones madrid special coins created exclusively puerto_rico execute exchange notes created exchange concluded provincial coin circulation silver coins introduced followed silver coins bore exchanges heavily affected government economy years later commercial firm san_juan obtained obsolete converted offered gifts clients austria spain overseas minister signed royal decree proposing creation royal bank puerto_rico waiting period months imposed interested pursuing project present business proposal dictated order proposals formally presented taken consideration presented lit represented serving group directors presented coalition french spanish proposal bore signature acted representatives ultimately accepted second royal decree issue creation received charter validity years grant authority awarded members composing partnership bank wasn established immediately currency puerto_rico mexican silver created problems delayed establishment date early point puerto_rico continued service disappearing april produced featuring lamb puerto_rico official emblem bank inaugurated february governor vice governor respectively permitted issuing paper money denominations manufactured original bank located san_juan second established institution issued series apparently production didn spanish control series began distribution december time lamb continued days puerto_rico replaced profile austria issued notes american invasion decline august spain ceded puerto_rico united_states treaty paris bringing end transferred invading investors terms signed armistice stated united_states respect charters previously granted spain colonies certified united_states congress june bank continued issuing provincial currency puerto_rico renamed capital currency changed dollars giving birth dollar proposal print dollar suggested refused citing bring dangerous results series bills issued release date bold red letters bore signatures new bank governor marked time currency dollars issued outside united_states series introduced subsequently issue bilingual featuring bank spanish english early specimens series produced reached circulation bills issue featured profiles colonial government intended eliminate spanish notes intending accelerate failed process puerto_rico series ultimately entered circulation july featuring bilingual exhibiting higher degree technical quality charter granted spain expired bank closed assets date puerto_rico economy fully integrated currency system dollars united_states dollars millions continued circulation collect ordered held january remaining bills estimated value taken circulation years later parallel american investors saw opportunity establish banks puerto_rico opened establishment national banks proposed charters eventually established june requirements establishing bank grant authority demanded board directors lived puerto_rico year took group years meet regulations inaugurated san_juan serving president bank began issuing notes denominations dollars manufactured october requirements met collection value study remaining puerto rican currency gathered significant value years particularly united_states value collectors country special nature issues issued spanish provincial charter printing territorial currency unit exchange kind recognized treasury objects puerto_rico constantly featured specialized magazines national international distribution dollars collected government burned january drastically reducing surviving notes great depression reduced numbers necessity prevented collection large denominations known exist issued dollars series bills published similarly notes issued banks range scarce rare particularly scarce institution issues didn reach quantities bills known survive similarly issue left acquired death carter known exhibit piece didn available sale dozen survived seldom appearing extremely rare include real notes denominations issued contrast paper money known appear occasionally market outside clandestine bills issued puerto_rico range scarce bill extremely rare notes puerto_rico lit society puerto founded society usually composed members focuses collecting distributing coins puerto_rico interested collectors annual exhibition lit society puerto_rico held plaza las commercial center inauguration outside activity puerto rican currency found locally markets known surpass bid dollars collection cardboard samples given banks merchants noted enthusiasts issued currency issued limited commemorating series included denominations including bills designs feature adorned flags puerto_rico names found july puerto_rico created silver began circulating october marking time silver coin distributed century intervention parent company concluded assets confiscated leading process resulted indictment conviction founder continued coins august indicted charges faced found guilty june subsequently sentenced years prison december united_states congress approved measure included non autonomous territories including guam program territories excluded original program approved followed years lobbying included design coins expected feature george_washington image found original issues reverse depict illustrations characteristic location secretary treasury approved design july coins issued proof coins silver special issues puerto_rico coin second release initiative release quarter commemorating inclusion
Currencies of Puerto Rico