The valley of Joachim,   Joachimsthal, is a place now located in the Czech Republic. In the  15th  century, very high grade silver veins were discovered there. The  mines  were run by the Count of Slik and the coin minted there was named  after  the location and called the  Joachimsthaler, later popularly  shortened  to simply 'Thaler'. The Thaler quickly gained a reputation as  an  uncorrupted and reliable coin and became popular all over Europe.  Its  name was later linguistically corrupted by some country languages.  In Denmark,  for example, it was known as the 'Daler'. With the  discovery and  population of the New World, the name of Europe's most  reliable coinage  was adopted for its new money, the dollar.
I like the fact that the origins of the word dollar are so tightly connected with silver and the want to associate with reliable currencies.
I like the fact that the origins of the word dollar are so tightly connected with silver and the want to associate with reliable currencies.
