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Tuesday
Apr262011

The Federal Reserve Note is Dead, Long Live the U.S. Dollar 

DateTuesday, April 26, 2011 at 12:35PM

In 1520, Count Hieronymus Schlick of Bohemia began minting silver coins known as Joachimsthalers, named for Joachimstal (today called Jáchymov in the Czech Republic), where the silver was mined. In German, thal or tal refers to a valley or dale. Therefore, translated, the coins meant "Jachymov Valley".

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