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Spanish dollar - Wikipedia The dollar was divided into "pieces of eight," or "bits," each consisting of one-eighth of a dollar Spanish dollars came into the North American colonies through lucrative trade with the West Indies
The Fascinating History of Pieces of Eight - Dusty Old Thing It took eight reales, another Spanish currency, to make up one Spanish dollar Thus it was known as pieces of eight American colonists would sometimes cut the coins into 8 pieces like a pie in order to make change since smaller coins were often scarce
What is a Piece of Eight? - APMEX The Spanish silver dollar, also known as a piece of eight, is one of the most important coins to both world history and pop culture, making it popular among historical coin collectors and lovers of pirate lore
PIECES OF EIGHT - Encyclopedia. com PIECES OF EIGHT, Spanish silver coins of eight reals (eight bits), first authorized in 1497 Also known as pesos and Spanish dollars, they were minted in enormous quantities and soon became recognized as a reliable medium of exchange in the European colonies of North America
What are Pieces of Eight? - Historical Index Pieces of eight are historical Spanish dollar coins minted in the Americas from the late 15th century through the 19th century Made of silver, they were in nearly worldwide circulation by the late 19th century and were legal currency in the United States until 1857
Pieces of Eight - National Maritime Historical Society The Piece of Eight was made famous in pirate folklore when Robert Louis Stevenson published his famous novel, Treasure Island, featuring the villainous pirate Long John Silver and his sidekick parrot, which he named Captain Flint after his former pirate captain
The Historical Importance of the Spanish Piece of Eight The reason pieces of eight have remained so famous centuries after they stopped being minted and long after Spain’s control of its colonies was lost is that they appear in literature and specifically in exciting pirate stories like Robert Louis Stevenson’s Treasure Island
The Spanish Piece of Eight: How One Coin Connected the World That coin was the Spanish real de a ocho — better known in English as the Piece of Eight Struck from the riches of the New World and circulated from Manila to Madrid, this silver dollar became the bedrock of global commerce during the age of exploration
BBC - A History of the World - Object : Pieces of eight Pieces of eight were the world's first global currency As the coins of Spain they were used across the vast Spanish Empire, stretching from South America to the Philippines, but were also
The Piece of Eight (Spanish dollar) - NCV Grading The Piece of Eight (or Spanish dollar) arose as a result of the monetary reform of 1497, which established the silver real as the unit of account in the Crown of Castile