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1⁄16 Real 'Pilón' - Fernando VII
| Issuer | Mexico |
|---|---|
| Year | 1814-1815 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Mint | Mexico City Mint |
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| Additional information |
The pilón was never an official denomination in the formal sense — it entered circulation as a makeshift solution to the catastrophic small-change shortage that plagued New Spain during the insurgency years. With silver supplies disrupted by the independence war, copper fractional pieces were authorized to keep petty commerce functioning at all. This particular type was struck at Mexico City under royalist authority even as Morelos and his forces controlled large portions of the countryside.
The name itself derives from a market custom: the pilón was a small bonus item a vendor would toss in to round out a transaction, and the coin effectively monetized that practice.