A popular Spanish Currency first minted in the 14th Century, The Real was positioned above the "Piece of Eight". Minted in Imperial Spain, their quality was superior. Made in both Silver and Gold versions, The Real was an International debt and commerce coin. As such, many millions were transported to The New World Colonies in the Caribbean and South America. And this was an attraction for Pirates and Privateers. The Real in it's Silver version was 1.97 grams of Silver content with Gold high at 3.62 grams. The Real was minted until 1864.