2025-M S€10 / 8R Silver, First American Dollar PR DCAM

A ten-coin program issued by the Royal Spanish Mint to mark the 250th anniversary of the independence of the United States, and to put on record the decisive part Spain played in it — from the campaigns of Bernardo de Gálvez on the Gulf Coast to the Spanish milled dollar that became the model for the first American dollar. Three coins were released in 2025 and seven in 2026.

Obverse Description

Both faces of the first American dollar. The Coinage Act of 1792 defined the U.S. dollar on the weight and fineness of the Spanish piece of eight.

Reverse Description

The columnario of the Spanish milled dollar, with the motto VTRAQVE VNVM and the dates 1775 – 1857. Scarce British coinage and the reliability of the Spanish standard kept the piece of eight in circulation in the United States; an 1806 law confirmed it as legal tender until 1857.

Source: Real Casa de la Moneda (Spanish Mint)