Silver as Money
Silver has been used as money for thousands of years, with many of today's names for money are derived from the use of silver as money.
The word ‘Dollar’ comes from Thaler, an abbreviated form of the German word ‘Joachimsthaler’ which was a coin from the German Joachimsthal silver mine. The British ‘Pound’ is named after a ‘pound’ weight, which was equal to 240 silver ‘sterling’ pennies made from 1 pound (weight) of silver, hence the term ‘Pound Sterling’ today. In addition, the Indian Rupee, the French word for money 'Argent' and the famous Peso of the Spanish Empire originate from terms describing silver in one way or another.