Colonato Public Deposited
A name given to a variety of the Spanish Peso which exhibits two crowned pillars rising from the sea. These are the so-called Pillars of Hercules, as- sumed by the ancients to be the limits of habitation. The Emperor Charles V (Charles I of Spain) added the motto Plus Ultra on these coins to indicate that his dominion was beyond the territory recog- nized by the ancients.
- Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)