Here’s one that comes up fairly often in some of the Intro to American Culture classes I give businessmen. I was surprised at just how often people would ask me this, so I started incorporating it into one of my lectures.
Ever wonder why we call dollars bucks?
It’s one of those casual words most of us use without thinking: “twenty bucks,” “a few bucks,” “big bucks”. Most of us probably use it more than the official term “dollars”. Did you ever stop to wonder why? It’s got a surprisingly deep history.
The term “buck” dates back to America’s frontier days, long before greenbacks were printed or the word “dollar” was widely in use. In fact, buck didn’t originally refer to money at all. It referred to deer hides (buckskins) which were once a legitimate and common form of currency on the American frontier.
In the 18th and early 19th centuries, the U.S. was still a patchwork of settlements, fur traders, and indigenous nations. There was no stable or universally accepted paper money, and despite all the coins the mint was putting out in the East, coinage was often scarce elsewhere, especially on the frontier. Barter was common, and among the most valuable trade items were pelts — especially buckskins. These were tough, practical, and widely accepted. A “buck” was a known unit of value.
Early traders — especially in areas like the Ohio River Valley — often recorded prices in terms of “bucks.” For example, one rifle might cost twenty bucks. Not dollars, but real bucks — actual deer hides. Over time, as paper money became more common, the word stuck. “Buck” shifted from meaning a skin to meaning a dollar, a semantic carryover from the barter era into the age of standardized currency.
The first documented use of “buck” to mean a dollar shows up in the early 1850s, but oral usage surely predates that. It’s the kind of slang that would’ve traveled easily due to it being short, punchy, and easy to say. And because buckskins were used so widely for trade, it became a kind of rural or working-class stand-in for “money,” one that urban speakers eventually picked up.
And now it’s everywhere. As far as I’m aware, every country that uses the term “dollar” also uses the slang term “bucks”.
Funny, isn’t it? One of the most enduring terms for our money still carries the ghost of a skinned deer, traded hand to hand on the edge of the frontier.