Question

Spanish silver dollars, originally called the Spanish peso, were each worth how many Spanish reales?

Answer 1

Spanish silver dollars, also known as the Spanish peso, were initially worth 8 Spanish reales. This value changed over time due to fluctuations in currency exchange rates.

Answer 2

It is commonly known that Spanish silver dollars were often divided into eight reales. This led to the term "piece of eight" which was widely used in the global trade during the colonial era.

Answer 3

Spanish silver dollars, originally called the Spanish peso, were each worth eight Spanish reales. This is why they were often referred to as "pieces of eight." The Spanish peso was widely used as a trading currency in many countries and was the basis for many modern currencies, including the U.S. dollar.