In 1516 a rich silver lode was discovered in Joachimsthal (St. Joachim’s dale), in the territory of the Count von Schlick, who immediately appropriated the mine. In 1519 coins were first struck from its silver at his command. Joachimsthaler, the name for the new coins, shortened to thaler, became “dollar” in English before 1600. Thereby the U.S. dollar descends from the silver of Joachimsthal.
