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We realize from handwritten manuscripts you to definitely resellers and you can traders have a tendency to abbreviated the fresh peso since the “PS.” While the day proceeded, and as the newest acronym turned into more widespread, the new “S” try often authored along side “P,” creating an enthusiastic approximation of your “” icon. The most generally accepted idea traces the new dollar icon’s root for the Language peso, and that everything you pirates on the market will know as the “pieces of eight.” The brand new Spanish peso is a dominating money in the Americas through the the fresh colonial day and age, and is actually accepted while the very first unit useful inside colonial The united states in the later 1700s. An alternative popular theory — and most likely a greatest myth — is the fact that icon is short for “Us” and originated from the newest acronym “You.S.,” on the letters superimposed and also the “U” as stylized throughout the years. (The brand new mine from the Potosí used to be area of the way to obtain gold to the Foreign language Kingdom.) The fresh mint used a good stamp one to seemed the brand new letters PTSI (to own Potosí) imposed near the top of each other, that may have created an icon just like the modern dollar indication. Some other, comparable idea contends that the symbol originated in the new Potosí perfect inside Bolivia, which run from 1573 in order to 1825.

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