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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
     [1913 Webster]
     Note: A
     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]

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