Potosí Mint
Potosí
The National Mint of Bolivia, historically known as the Mint of Potosí, is a landmark museum located in Potosí, Bolivia. It was originally established in the 16th century to mint silver coins from the rich Cerro Rico mines, playing a vital role in the Spanish Empire's economy. The mint produced the famous Spanish dollar coins, which became the world's major international currency during colonial times. The current museum occupies the site of the mint's second building, constructed between 1757 and 1770, which introduced advanced coin production techniques such as the screw press. The mint's silver coins circulated globally, facilitating early modern world trade across Europe, the Americas, and Asia. The museum preserves architectural heritage, colonial art, and numismatic collections, offering visitors insight into the economic and cultural history of Potosí and the impact of silver on global commerce. It also highlights historical challenges faced by the mint, including fraud scandals and technological transitions. The National Mint stands as a testament to Potosí's historical wealth and its influence on international monetary systems.
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Tip: Visit during weekdays to avoid crowds and enjoy guided tours that explain the mint's history and coin production processes. Booking tickets in advance is recommended, especially during special events like the 'Night at the Museum' with dramatizations. Discounts may be available for students and groups. The museum offers virtual 360° tours online for remote exploration.
Interesting facts
- •The phrase 'to be worth a potosí' originates from the immense value of silver coins minted here.
- •Potosí's silver production accounted for about 80% of the world's supply between 1500 and 1800.
- •Charles III of Spain reportedly joked that the mint should be made of pure silver due to its high construction cost.
- •The mint used hammered coinage techniques for over 200 years before adopting screw presses.
- •Silver coins from Potosí circulated widely, influencing economies in Europe, the Americas, and Asia via trade routes like the Manila Galleon.
History
The first mint was established in 1572 near the Royal Palaces in Potosí, built under architect Jerónimo Leto following a proposal by Viceroy Francisco de Toledo.
It operated with rudimentary technology for over two centuries.
Due to scandals like the 1649 mint fraud and the need for modernization, a new mint building was constructed between 1757 and 1770 at Plaza del Gato.
This second mint introduced screw-press coinage in 1767, replacing the older hammered coinage method.
The mint continued operations until 1951, witnessing significant political changes including control by revolutionary forces in the early 19th century.
Today, the site functions as a museum preserving this rich history.
Place Guide
Main Mint Building1757-1770
The colonial-era building constructed between 1757 and 1770 that housed the mint's operations, showcasing Baroque architecture and the site of technological advancements in coin production.
Coin Production Workshop16th to 19th centuries
Exhibition area demonstrating the evolution of minting techniques from hammered coinage to screw-press and steam-powered presses, with original tools and machinery.
Numismatic Collection
A comprehensive display of silver coins minted in Potosí, illustrating their design, denominations, and historical context within global trade.
Colonial Art GalleryColonial period
Collection of colonial-era paintings and artifacts related to the socio-economic history of Potosí and the mint's role in the Spanish Empire.
Contact
Phone: 2 6222777
