Reproduction Spanish silver dollar Coin RingThis coin ring is made from reproduction Real de Ocho or "Pieces of Eight". The original coins were worth eight Spanish reales and aside from being coveted by privateers the world over served as some of the first currency used in the United States. The Spanish dollar remained legal tender in the U. S. until 1857 and had been the world's leading currency since the 16th century based in part because it was the most stable and least devalued coin in the