After the discovery of America, copper maravedís were the first coins struck for the purpose of circulation in the colonial island of Hispaniola, and are thus considered the first coins for the New World.
After the discovery of America, copper maravedís, along with silver reales, were the first coins struck in Spain for the purpose of circulation in the New World colonies. Mexico, Panama and Puerto Rico, thus giving these coins their distinction as the first coins for the New World.