The term "piece of eight" refers to a former Spanish silver coin that gained popularity in the early modern period. Its spelling can be broken down phonetically as /piːs əv eɪt/. The first part, "piːs," is pronounced like the word "peas". The second part, "əv," is pronounced like the word "of." Lastly, "eɪt" is pronounced like the word "eight." This phonetic breakdown can help those who struggle with the spelling of this term, as it accurately represents the sounds within the word "piece of eight."
A "piece of eight" refers to a historical Spanish silver coin that circulated widely during the 16th to 19th centuries. The term "piece of eight" is derived from its denomination of eight reales, which was the primary currency among European colonies and trade routes of the era. This coin became a standardized currency due to the signing of the Spanish Milled Dollar Act in 1732, which mandated that these coins meet certain specifications to enhance their acceptance and weight.
The "piece of eight" was known for its distinctive design, featuring the Spanish coat of arms on one side and the Pillars of Hercules on the other. It was highly valued and widely accepted, becoming the currency of choice for international trade, especially in the Americas, until it was eventually replaced by other currencies. Due to its widespread circulation and popularity, the "piece of eight" gained recognition as a symbol of commerce and economic exchange during that period.
Apart from its historical significance as a currency, the term "piece of eight" has also found its way into popular culture and literature. It is often associated with tales of pirates and treasure hunts, as these coins were frequently mentioned in adventure stories and legends. Today, the "piece of eight" holds a place in numismatics as a collectible item and a tangible reminder of a bygone era in global trade and exploration.
A piastre: to pieces, to utter ruin: to piece out, to extend or enlarge by the addition of one or more pieces.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.