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[ Mexico Pillar Dollars ]
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Milled Pillar Coins Milled pillar coins "pillar dollars" were minted at the Mexico City mint from 1732 until 1771, when they were replaced by the milled bust variety. The Mexico City mint was the first to produce the milled pillar type coinage and the only mint to produce them during the reign of Philip V. The milled pillar dollar was enormously popular and circulated throughout the world, even serving as legal currency in the United States until 1857. Interestingly, they were never produced in Spain, but instead only struck at Spain's New World colonial mints. Mexico City milled pillar coins are easily identified by their mintmark, an M with a small o above. A Certificate of Authenticity will be supplied only on request.
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