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We realize away from handwritten manuscripts you to resellers and you will investors have a tendency to abbreviated the fresh peso because the “PS.” Since the time proceeded, and as the fresh acronym turned into usual, the brand new “S” are tend to written over the “P,” creating an approximation of one’s “” symbol. The most commonly approved theory traces the newest dollar symbol’s roots on the Spanish peso, which whatever you pirates available knows since the “items of eight.” The new Spanish peso are a dominating currency regarding the Americas while in the the fresh colonial time, and you may are approved since the very first equipment useful within the colonial The usa in the late 1700s. A different popular theory — and most likely a well-known misconception — is the fact that icon is short for “All of us” and you may originated the brand new acronym “U.S.,” to the letters superimposed as well as the “U” getting conventionalized through the years. (The fresh mine in the Potosí used to be part of the source of gold for the Language Kingdom.) The brand new perfect made use of a stamp one to looked the fresh characters PTSI (for Potosí) enforced towards the top of both, that may have created an icon just like the progressive dollar indication. Other, similar theory argues your icon originated the brand new Potosí mint inside Bolivia, and that manage out of 1573 to 1825.
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