Silver Standard - Bohemia

Bohemia

Beginning in 1515, silver coins were minted at the silver mines at Joachimsthal - Jáchymov (St. Joachim's Valley) in Bohemia, now part of the Czech Republic. Although formally called Guldengroschen, they became known as Joachimsthalers, then shortened to thaler. The coins were widely circulated, and became the model for silver thalers issued by other European countries. The word thaler became dollar in the English language.

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