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Updated:Apr 23, 2026
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New World silver shipments from Potosí and New Spain and the Price Revolution (c.1503–1650)

New World silver shipments from Potosí and New Spain and the Price Revolution (c.1503–1650)

  1. Silver boom accelerates European price increases

    Labels: Price Revolution, Precious metals
  2. Casa de Contratación centralizes Indies trade

    Labels: Casa de, Seville
  3. Silver discovered at Potosí’s Cerro Rico

    Labels: Potos, Cerro Rico
  4. Patio process enables large-scale silver refining

    Labels: Patio process, Bartolom de
  5. Treasure fleet system begins regular convoys

    Labels: Treasure fleet, Convoy system
  6. Huancavelica mercury mining supports Potosí refining

    Labels: Huancavelica, Mercury mining
  7. Bodin links inflation to precious-metal inflows

    Labels: Jean Bodin
  8. Potosí mint is established for coinage

    Labels: Potos mint, Coinage
  9. Captured silver fleet disrupts Spain’s finances

    Labels: Piet Hein, Bay of
  10. Potosí coin debasement scandal spreads distrust

    Labels: Potos mint, Coin debasement
  11. Price Revolution wanes in mid-1600s Europe

    Labels: Price Revolution
  12. Silver-shipment system leaves lasting global legacy

    Labels: Atlantic bullion, Treasure fleets