Tag Archive for 'tales-of-pirates'

History of Dollar Bill

0 Comments Published September 8th, 2008 in OBW News.
       
Here’s a quick history of dollar…
clipped from www.projects.ex.ac.uk
The history of the dollar is a story involving many countries in different continents.
The word dollar is much older than the American unit of currency. It is an Anglicised
form of “thaler”, (pronounced taler, with a long “a”), the name given to coins
first minted in 1519 from locally mined silver in Joachimsthal in Bohemia. (Today the
town of Joachimsthal lies within the borders of the Czech republic and its Czech name is
Jáchymov). Thaler is a shortened form of the term by which the coin was originally known
- Joachimsthaler.
Later on the English version of the name (dollar) was also applied to
similar coins, not only ones minted in central Europe but also the Spanish peso
and the Portuguese eight-real piece. Both these large silver coins were
practically identical in weight and fineness. Today we are familiar with the
phrase pieces of eight from tales of pirates in the Caribbean.
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