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Why a Dollar is Called a âBuckâ. As with many etymologies, the exact root of this word is difficult to say with one hundred percent certainty. However, the leading theory is extremely plausible and backed up by a fair bit of documented evidence. Specifically, it is thought that a dollar is called a âbuckâ thanks to deer. One of the earliest references of this was in 1748, about 44 years before the first U.S. dollar was minted, where there is a reference to the exchange rate for a cask of whiskey traded to Native Americans being â5 bucksâ, referring to deerskins. At this time, a buck skin was a common medium of exchange.
Coins were not only used as money. In ancient Greece, coins were also believed to have magical powers. The Greeks designed their coins with pictures of their gods and goddesses. The Greeks were the first civilization to use pictures of real people on their coins.The first was Alexander the Great, back around 325 BCE. As time went on, the Greeks created bigger coins, each designed to commemorate a special event. Ancient Rome: The ancient Romans thought the use of coins was really clever.he ancient Egyptians used ring money. Ring money was an actual ring made of bronze, copper, or gold. In ancient Egypt, people like to wear their wealth. When it came time to pay their bills, they simply pulled off a ring or two to use as payment.