The DICT Development Group
1 definition found
for real vellon
From The Collaborative International Dictionary of English v.0.48 :
Real \Re"al\ (r[=e]"al), n. [Sp., fr. real royal, L. regalis.
See Regal, and cf. Ree a coin.]
A former small Spanish silver coin; also, a denomination of
money of account, formerly the unit of the Spanish monetary
real of plate (coin) varied in value according to the time
of its coinage, from 121/2 down to 10 cents, or from 61/2
to 5 pence sterling. The
real vellon, or money of account, was nearly equal to five
cents, or 21/2 pence sterling. In 1871 the coinage of
Spain was assimilated to that of the Latin Union, of which
the franc is the unit. The peseta was introduced in 1868,
and continued as the official currency of Spain (splitting
temporarily into Nationalist and Republican pesetas during
the civil war of the 1930's) until 2002. In 2002, the euro
became the official currency of Spain and most other
nations of the European Union.
[1913 Webster + PJC]
Questions or comments about this site?