This week marks exactly 500 years since the minting of the first Joachimsthaler coins, the predecessors of the US dollar. The first thalers or tolars, as they were nicknamed by Czechs, were minted on January 9,1520 in the West Bohemian town of Jáchymov. The popular silver coins soon spread across the Hapsburg Empire and into the New World, where they eventually became the official currency.

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