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Facts and Fancies for the Curious

by Charles C. Bombaugh

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Dollar

Few persons have ever troubled themselves to think of the derivation of the word dollar. It is from the German thal (valley), and came into use in this way some 300 years ago. There is a little silver mining city or district in northern Bohemia called Joachimstal, or Joachim’s Valley. The reigning duke of the region authorized this city in the sixteenth century to coin a silver piece which was called “joachimsthaler.” The word “joachim” was soon dropped and the name “thaler” only retained. The piece went into general use in Germany and also in Denmark, where the orthography was changed to “daler,” whence it came into English, and was adopted by our forefathers with some changes in the spelling.

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