I don't know about you guys but I do not want to go around biting into every piece of gold coin I have to make sure its real.... or comparing its size to make sure it hasn't been shaved... and who knows what it was mixed with... copper, zinc, lead... etc to give it that weight.
Pieces of Eight or the Spanish Dollar was in demand because it had a standard and you knew that the minted pieces came from a respectable mint... having anyone make their own coins and you never know what you'll end up with.
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