Numismatic Dictionary

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There are 4 names in this directory containing the search term milled dollar. Clear results.
Numismatically, a bit is one-eighth of a dollar. It comes from the days when the Spanish Milled Dollar, or 8 reals coin, was cut into bits for fractional currency. See also milled dollar or real.

Nickname for a Spanish gold coin. The term meaning "double" was used to describe the 16 Escudos gold coin (or two Spanish Milled Dollars in modern terms).

milled dollar
A silver coin struck in and for commerce in the Spanish colonies of the Western Hemisphere. See also reales.

Piece of Eight
A colloquial name used to 8 reales or Spanish Milled Dollar coin from the Spanish colonies in the western hemisphere. The name was derived from the way it was cut into eights to represent fractions of the coin. See also bit or real.

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