Wednesday, 29 April 2015

Dollar - The Origin of the Word and the Sign

A golden dollar sign


Noun. Mid-16th century.
[From early Flemish or Low German daler, from German T(h)aler, short for Joachimsthaler, a coin from the silver mine of Joachimsthal ( 'Joachim's valley'), now Jáchymov in the Czech Republic. The term was later applied to a coin used in the Spanish-American colonies, which was also widely used in the British North American colonies at the time of the American War of Independence, hence adopted as the name of the US monetary unit in the late 18th century.]

1 Historical. A German thaler;
any of various northern European coins bearing an equivalent name. M16

2 Historical. A Spanish or Spanish-American peso or piece of eight
(also largely used in the British N. American colonies at the time of the War of Independence). L16

3 The basic monetary unit of the United States, equal to 100 cents;
a basic monetary unit in Canada, Australia, New Zealand, and numerous other countries;
a note of coin of the value of one dollar. L18

4 A five-shilling piece, a crown. slang. obsolete. except Historical. E19

The dollar, the epitome of American capitalism and commercialism, has a surprisingly un-American origin. The word comes from the Low German daler, from the German thaler, itself an abbreviation of Joachimsthaler, which was a coin from the 1500s minted from the silver mine in Joachimsthal in Bohemia (now the Czech republic). 

English colonists in America used the word when referring to Spanish coins, and it was in such widespread use among British colonies at the time of the War of Independence that it was adopted as the official name of the US currency in the 18th century. Thus, from that obscure silver mine in Bohemia, the mighty dollar travelled westward to become the global icon of wealth and capitalism that it is today.

Talking of icons, where does the dollar sign ($) come from? There are a number of different theories, but the most plausible is that it evolved from the symbol for the Spanish American peso, or piece of eight, which was Ps. Gradually, the P and the S started to be written together, until it looked as it does today.

Do please donate your most valued comments into the contribution box below.


  1. Amazing wonderful article! I have been looking a searching for such thing. I needed this info, thank you for sharing this. I feel so different after reading this. Many ideas have been made about the origin of the dollar symbol. I heard that the word “dollar” was derives from the Flemish or Low German word “daler”. The term was later applied to a coin used in the Spanish-American colonies and also in the British North American colonies at the time of the American War of Independence.
    The symbol used to indicate the units of various currencies around the world. The tale behind this well-known monetary symbol begins not in America but in Europe. Actually, this symbol was used for another form of currency before the U.S. dollar. The dollar sign was just the peso sign used again for a different currency. It is in fact the same as the peso sign used in Mexico. Though the dollar and peso symbols are inextricably linked, the origin of the word “dollar” is rooted in elsewhere.
    I found this article very help. I really needed this. I am so overwhelmed by this article! Thank you for the list of knowledge that is needed for me to begin and move forward in my write up. I am trying to write article on about “dollar”, your post is inspiration for me to finish my write up. I am looking forward to read more information about the topic.
    While I was searching for my topic related post, I saw your post. Great visit for me. I am seeking best essay writing service website to finish my write up. I have to research more for my write up, so I have to leave from here. Ones again thank you for sharing, Keep your writing spirit like this. Good luck

  2. If there are accessible ATMS in the country you are traveling to,  9.99 it is highly recommended that you use it for any of your everyday cash needs.

  3. When your website or blog goes live for the first time, it is exciting. That is until you realize no one but you and your. Bitcoin Revolution App

  4. Most game motors are deliberately made and calibrated to run a specific game on a specific equipment stage.source

  5. This is also a very good post which I really enjoyed reading. It is not every day that I have the possibility to see something like this..

  6. An article on the topic of excellent service that makes it possible to receive crypto payments in popular cryptocurrencies, owners of sites, online stores, etc. We give the opportunity to accept payment in cryptocurrency, for most popular CMS we have ready-made plugins. So, the process of installing a cryptocurrency payment method on a site will be simple and quick. There are also applications for iOS and Android, in which it is convenient to track the receipt of funds in accounts, and there is also an electronic wallet function. accept bitcoin

  7. Thank you because you have been willing to share information with us. we will always appreciate all you have done here because I know you are very concerned with our. Web 3

  8. Thanks for the blog loaded with so many information. Stopping by your blog helped me to get what I was looking for. Bitcoin ATM Los Angeles

  9. I was surfing the Internet for information and came across your blog. I am impressed by the information you have on this blog. It shows how well you understand this subject. 増田裕介

  10. cool stuff you have got and you keep update all of us. Bitcoin ATM

  11. A versatile fish discoverer is a decent decision on the off chance that you don't angle from a similar ship constantly. writing a business plan