What Is the Meaning of Pieces of Eight?

Answer

The term piece of eight refers to an old Spanish silver coin that was minted in the colonies. They were referred to as peso de ocho in the Spanish language. The monetary unit called the peso originates from this term.
Q&A Related to "What Is the Meaning of Pieces of Eight?"
Spain was a rich resource for precious metals. Pieces of eight were the most common coins used for commerce during the 16th and 17th centuries, as well as in 18th century America.
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"Eight Real" was a Spanish dollar coin used in the 16th-18th centuries. Thus the
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For a period of about 400 years Spain issued coins denominated at 8 reales (ray-AHLS) The coins were large, similar in size to old-style US dollars but strangely enough there were
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The Spanish dollar (also known as "pieces of eight" or the eight real coin) is the silver coin, worth eight reales, that was minted in the Spanish Empire after a Spanish
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1 Additional Answer
Pieces of eight were a Spanish silver coin, also known as Spanish dollars, typically made of silver. The pieces of eight were worth eight reales and were first made after a Spanish currency transformation in 1497.
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