Pillar Dollar
OriginSpain
First Minted1732
MaterialSilver
TypeCoin
About Pillar Dollar
See Spanish 8 Reales. The pillar dollar was so widely accepted that it circulated in the American colonies, the Ottoman Empire, China, and Southeast Asia. Many countries countermarked pillar dollars with local marks to authorize their circulation. The US Coinage Act of 1792 based the dollar on the weight and purity of the pillar dollar.
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