Venezuela
The Province and, from 1777, the Captaincy General of Venezuela had no mint of its own, so it reckoned and paid in the silver peso of eight reales struck at Mexico City, Santa Fe de Bogotá and Potosí, much of it worn cob money, with the gold escudo and its multiples as the large denominations at two pesos to the escudo. Coin was chronically scarce in a colony whose wealth was cacao rather than bullion, and through the seventeenth century cacao beans themselves served as a local money of account; hard currency circulated more freely only after the Compañía Guipuzcoana began its monopoly trade in 1728. What survives is overwhelmingly ecclesiastical and municipal: the acts of the Caracas cathedral chapter, the cabildo minutes of the city, and the Sección Iglesias of the Archivo General de la Nación, which preserves the mayordomo’s loose receipts, many of them signed by the musicians themselves, because the cathedral had to account for every peso to the crown’s tithe comptroller. That accounting habit makes the territory unusually rich: a poor province with no court and no printing press nevertheless left itemised, signed receipts pricing an individual Mass, motet or symphony to the real.
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