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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.
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.
In the seventeenth century the silver real was established at two billon reales (reales de vellón) or sixty-eight maravedíes. Gold escudos (worth 16 reales) were also issued. The coins circulated throughout Spain's colonies and beyond, with the eight-real piece, known in English as the Spanish dollar , becoming an international standard and ...
The name peso was given to the 8-real silver coin introduced in 1497, minted at 8 3 ⁄ 8 pesos to a Castilian mark (230.0465 grams) of silver 134/144 fine (25.56 g fine silver). It was minted in large quantities after the discovery of silver in Mexico, Peru and Bolivia in the 16th century, and immediately became a coin of worldwide importance ...
Silver real coined in Seville during the reign of Peter I of Castile (1350–1369). Spanish 1799 silver 8 reales, Charles IV (reverse) The first real was introduced by King Pedro I of Castile in the mid 14th century, with 66 minted from a Castilian mark of silver (230.0465 grams) in a fineness of 134 ⁄ 144 (0.9306), and valued of 3 maravedíes.
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The Chilean peso (symbol: $) was the legal tender of Chile from 1817 until 1960, when it was replaced by the escudo, a currency that was itself replaced in 1975 by a new peso. [ 1 ] It was established in 1817, together with the country's independence, and in 1851 the decimal system was established in the peso, which was made up of 100 centavos.
As it turns out, unlike Mark Zuckerberg, not all of today's wealthiest entrepreneurs saw such success at a young age. How old 15 self-made billionaires were when they earned their first billion ...