Dollar Symbol Without Text Vodka Luge
This Dollar Symbol Vodka Luge is extremely popular with financial parties, gangster parties and general American themed parties.
No. of Ice Blocks - One
Format - Portrait
Height - 1m
Text - NO
Delivery - Yes
Set-up at venue - Yes
Lighting - Yes
Lighting set-up - Yes
Drain Tray - Yes
Thick-bore Tubing - Yes
About this Vodka Luge
This Luge was created for an end of year financial party for a financial institution in the City of London
Brief History of the Dollar
In the late 1770's in America, Continental (European) money had been in circulation for some time and was being used as methods of payment for all goods. However the actual value or worth was continually being devalued and eroded to the point it was worth 1/5th to 1/7th or its original value. By 1780, this had reached an all time low of 1/40th value.
In 1782 the US financial system was reaching breaking point. Congress appointed Robert Morris to be Superintendent of Finace for the newly formed United States. He created the Bank of America and the first set of USA currency.
The word 'Dollar' originated from Spain and referred to the "real de a ocho" or better known as 'Piece of Eight".
The dollar was accepted by many countries as currency because of how the Spanish milled and produced their coins. They had incredible uniformity and standardization. The Peso de Ocho (piece of eight) was exactly 38mm in diameter and and of pure silver.
The new US dollars were not popular when first created. They were a heavier coin and finer silver. However money being money eventually became accepted.
The US Stock Exchange Equities continued to use the 1/8th denominations on the New York Stock Exchange until June 24th 1997 when they converted to 1/16ths and then shortly after to the European system of decimalization.
If you wanted an original 1791 Spanish Piece of Eight, the current value is approximately or around $145 each. A Spanish Philip IVth coin however dating back to 1630 are reaching around the $6,950.00 -mark.