The history behind the "Pieces of Eight" and where the term comes from and stand for is quit interesting and hence, I bought some "Pieces of Eight" Silver Coins.
| But, If I put all the interesting facts, what would cheetah think? But, WAIT, It does not! But, nobody tell cheetah ... |
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Source: https://gsm-goldenstatemint.netdna-ssl.com/images/T/Silver-Shield_silver_1_oz_piece_of_eight_200.jpg
Disclosure: I bought them on sale at GoldenStateMint.com (still time left to buy at sales price).
From: https://en.wikipedia.org/wiki/Spanish_dollar
| Added after posting and after cheetah's comment and upvote: ----- "This page (https://en.wikipedia.org/wiki/Spanish_dollar) was last edited on 21 June 2018, at 02:53 (UTC). Text (https://en.wikipedia.org/wiki/Spanish_dollar) is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply." --- My comment or reply to cheetah: I did give "attribution in the original post. |
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Spanish dollar
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The Spanish dollar, also known as the piece of eight (Spanish: peso de ocho or real de a ocho), is a silver coin, of approximately 38 mm diameter, worth eight Spanish "reales", that was minted in the Spanish Empire after 1598. Its purpose was to correspond to the German "thaler".
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The Spanish dollar (so called due to being approximately the same weight and fineness of the Dutch leeuwendaalder) was widely used by many countries as the first international/World currency because of its uniformity in standard and milling characteristics. Some countries countersigned the Spanish dollar so it could be used as their local currency.
Two important and interesting facts of history:
1 - "The Spanish dollar was the coin upon which the original United States dollar was based, and it remained legal tender in the United States until the Coinage Act of 1857" ... 2 -"it [the Spanish dollar] became the first world currency by the late 18th century."
32a -... several other currencies, such as the Canadian dollar, the Japanese yen, the Chinese yuan, the Philippine peso ... were initially based on the Spanish dollar ..."
http://www.dictionary.com/browse/piece-of-eight
Historical Examples
The Spanish piece-of-eight (reals) was also commonly referred to as a dollar.
Encyclopaedia Britannica, 11th Edition, Volume 8, Slice 6
British Dictionary definitions for "piece of eight"
piece of eight
noun plural pieces of eight
a former Spanish coin worth eight reals; peso
... to be continued (end part #1 of 8 of the "Pieces of Eight")
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