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<p>[QUOTE=&quot;Andy, post: 114247, member: 645&quot;]Good points. I wonder how many students of American history are aware of the facts that you alluded to.</p><p>Which brings the question, should every collector of American coins have spanish reales in thier collection.</p><p><br /></p><p>&quot;The United States dollar derives from the Spanish 8 reales coin which was composed of just under one ounce of silver. This coin was popular among American colonists, who called it the Spanish dollar, the name having derived from a German coin of similar size and composition known as the thaler. The first dollar coins issued by the United States Mint were of the same size and composition as the Spanish dollar and even after the American Revolutionary War the Spanish and U.S. silver dollars circulated side by side in the United States.</p><p><br /></p><p>Although private banks issued currency backed by Spanish and U.S. silver dollars, the federal government did not do so until the American Civil War&quot; Taken off the internet.[/QUOTE]</p><p><br /></p>

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