The German Silver Thaler Coin, the U.S. Adopting the Dollar as its Official Currency, the First American Dollars Being Spanish Pesos, and the Reason the U.S. Adopted the Dollar Sign ($) for Currency

In the 16th century silver coins stimulated trade all over Europe. These coins were referred to as "thalers" because they come from a silver rich valley and the German word for "valley" is "thal". In English this word changes to become "dollar" and in 1785 it becomes the official currency of the US. The first American dollars are actually Spanish pesos because the US had trouble minting coins. The Spanish peso displayed a single column with a banner wrapped around it which became the symbol for ...

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