Posted by Nigel Graham 2 on 15/09/2020 21:28:57:
The Crown (Five shillings) was called a "dollar"? Was it? I never heard that name -was it was something regional?
National term and still heard occasionally. Story starts with particularly pure Silver from a mine in Joachinsthal, Germany which was made into coins much valued internationally for their consistency. At the time other 'silver' coins were less reliable.
Initially called Joachinsthalers, soon shortened to Thalers, and then mangled locally as they spread around the world. Low German, 'Daler' became 'Daaler' in Dutch, from which 'Dollar' became an English word in 1533.
Back then currency was much more international than today. Value depended more on a coin's metal content than whoever minted it. Value was determined by weighing and then allowing for debased gold and silver coinage. Didn't matter whose head was on the coin: it was the quality of the metal.
The word Dollar was associated with trustworthy coinage and many countries adopted it. Also, in the UK, 'dollar' was applied to several foreign coins like Pieces of Eight, again because they could be trusted.
In Scotland the Dollar was a silver coin worth 5 shillings, and well-known in England. After Union in 1707 the Scottish Dollar and English Crown, both worth 5 shillings, merged into the Crown, but it was often called a Dollar throughout the UK. Being large clumsy coins, Crowns gradually became unpopular for everyday use and since 1837 they've only been struck in small numbers commemoratively.
Although we know what a Crown is (quarter of a pound), the coin has been out of circulation for nearly 200 years and calling it a 'Dollar' is slipping away. 'Half-a-dollar' is remembered because the half-crown survived until decimalisation in 1971. (Feels like yesterday to me!) The association between 5 shillings and the Dollar was boosted around 1900-ish because for many years there were coincidentally 4 US Dollars to the Pound. Otherwise, I think 'Dollar' for 5 shillings would be long forgotten.
Dave
Edit: still can't get apostrophes right!
Edited By SillyOldDuffer on 16/09/2020 10:36:37