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The Spanish dollar, also known as the piece of eight ( Spanish: real de a ocho, dólar, peso duro, peso fuerte or peso ), is a silver coin of approximately 38 mm (1.5 in) diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g (0.8219 ozt) fine silver.
Spanish. real. Silver 8-real coin of 1768 from the Potosí mint. The real (English: /ɹeɪˈɑl/ Spanish: /reˈal/) (meaning: "royal", plural: reales) was a unit of currency in Spain for several centuries after the mid-14th century. [ 1] It underwent several changes in value relative to other units throughout its lifetime until it was replaced ...
The 8 reales coin is the predecessor to the American dollar. Before the United States Mint was in production, columnarios circulated, along with other coinage, in the US colonies, as legal tender until the middle of the 19th century. Prior to the columnario, Spanish coins were hammer struck. These rather crude looking coins were called cobs ...
United States. Banknote for "Twelve and a Half Cents" = $ 1⁄8, Alabama, 1838. In the US, the bit is equal to ¢, a designation which dates from the colonial period, when the most common unit of currency used was the Spanish dollar, also known as "piece of eight", which was worth 8 Spanish silver reales. $ or 1 silver real was 1 "bit".
A picayune was a Spanish coin, worth half a real or one sixteenth of a dollar. Its name derives from the French picaillon, which is itself from the Provençal picaioun, the name of an unrelated small copper coin from Savoy. [ 1] By extension, picayune can mean "trivial" or "of little value". Aside from being used in Spanish territories, the ...
The Spanish 8-real coin or dollar 1 écu 1784 The discovery of massive silver supplies in Spanish America in the 1530s enabled the massive minting of Spain's eight-real coin well into the 20th century, weighing 27.47 g, 0.9306 fine.
Silver standard. The Spanish silver dollar created a global silver standard from the 16th to 19th centuries. The silver standard[ a] is a monetary system in which the standard economic unit of account is a fixed weight of silver. Silver was far more widespread than gold as the monetary standard worldwide, from the Sumerians c. 3000 BC until 1873.
As a way of honoring more presidents, the U.S. Mint began issuing Presidential Dollar coins in the 2000s. Most are worth about face value, but a couple are valued in six figures due to errors .
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