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We all know of handwritten manuscripts you to definitely merchants and traders usually abbreviated the newest peso because the “PS.” Because the day went on, and as the new acronym turned into more common, the fresh “S” try usually written over the “P,” producing an approximation of one’s “” icon. Probably the most commonly acknowledged concept traces the new dollar symbol’s origins on the Foreign language peso, and therefore all you pirates out there will know because the “items of eight.” The fresh Foreign-language peso is a dominating money in the Americas through the the brand new colonial day and age, and try recognized since the very first equipment of value inside the colonial The usa inside later 1700s. A different well-known concept — and probably a well-known myth — is that the symbol stands for “United states” and you will originated in the fresh acronym “U.S.,” to your characters superimposed as well as the “U” as stylized over the years. (The brand new mine in the Potosí was once area of the source of silver on the Foreign-language Empire.) The brand new mint put a good stamp one to appeared the new letters PTSI (to have Potosí) implemented at the top of one another, that will have created an icon similar to the progressive money indication. Various other, similar principle contends your icon came from the fresh Potosí perfect inside Bolivia, and that run away from 1573 to help you 1825.
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