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The American dollar has its origins in the widely circulated Spanish silver dollar—often called the “piece of eight.” During the colonial era, Spanish dollars (or pesos) were the trusted coins for trade throughout the Americas, Asia, and even parts of Europe. Because of their consistent silver content and reliability, these coins became the de facto currency in the American colonies.
When the United States declared independence, there was already a strong familiarity with the Spanish dollar. In 1792, Congress passed the Coinage Act, which established the U.S. Mint and defined the dollar as the standard unit of money.
Stop using Spanish currency.
