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We all know out of handwritten manuscripts you to definitely merchants and you can people have a tendency to abbreviated the newest peso since the “PS.” While the day continued, and also as the new abbreviation became more widespread, the fresh “S” is usually created over the “P,” creating an approximation of your own “$” symbol. A new common theory — and most likely a well-known myth — is the fact that symbol represents “Us” and you may originated from the brand new acronym “U.S.,” to your characters superimposed as well as the “U” getting stylized over the years. (The newest mine at the Potosí used to be an element of the supply of gold to your Foreign-language Kingdom.) The fresh mint utilized a great stamp you to definitely looked the brand new letters PTSI (to possess Potosí) imposed at the top of both, that could have created an icon similar to the progressive money sign. Another, comparable idea argues the symbol came from the newest Potosí mint inside the Bolivia, which work out of 1573 to 1825. Such as, one to hypothesis outlines the fresh symbol’s roots to help you a photograph of your Pillars from Hercules you to appeared on the Foreign-language layer away from hands and you may federal money. It’s recently been put since the a symbol of avarice — critics away from high organizations can make the section from the introducing the newest dollar indication for the identity out of a firm.

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