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Idea step one: The new Foreign-language Peso and you may “PS” Abbreviation

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This can be today extensively thought to be the most likely resource from the brand new money indication. We know out of handwritten manuscripts you to definitely resellers and you can investors tend to abbreviated the newest peso because the “PS.” While the go out went on, so when the brand new acronym turned into more prevalent, the new “S” are often created across the “P,” promoting a keen approximation of your “$” icon. The most extensively acknowledged concept outlines the fresh money symbol’s sources on the Spanish peso, and this anything you pirates available knows since the “items of eight.” The new Foreign language peso are a principal currency in the Americas during the the brand new colonial day and age, and you may is recognized since the very first device of value inside colonial America inside the later 1700s. The us is actually referred to as Joined Territories from Northern The usa until 1776, and you will proof can be acquired that money indication was in have fun with before the us moniker was given birth to — putting some theory appear tenuous at best. The writer and you can philosopher Ayn Rand seemingly experienced so it idea and you may chose to are they inside the a chapter of her 1957 unique Atlas Shrugged, where one to profile requires some other what the dollars signal stands to have.

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