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We know out of handwritten manuscripts you to resellers and you may buyers often abbreviated the brand new peso while the “PS.” While the go out continued, and also as the newest acronym turned into more common, the brand new “S” try tend to composed along side “P,” promoting an approximation of your own “” symbol. The most commonly accepted concept contours the fresh dollars symbol’s root for the Foreign-language peso, and therefore all you pirates available to choose from knows as the “bits of eight.” The new Spanish peso are a dominant money in the Americas while in the the brand new colonial time, and you may is actually recognized because the first device of value inside the colonial The united states inside the late 1700s. A different preferred principle — and probably a well-known myth — is the fact that icon is short for “You” and you can originated in the brand new abbreviation “You.S.,” for the letters superimposed and the “U” as stylized over the years. (The new mine from the Potosí was previously part of the source of silver on the Foreign-language Kingdom.) The fresh mint utilized a good stamp one seemed the newest characters PTSI (to own Potosí) implemented on top of both, that could are creating a symbol much like the progressive buck indication. Other, comparable theory contends your symbol originated from the fresh Potosí mint in the Bolivia, which operate away from 1573 so you can 1825.
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