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Theory step one: The brand new Foreign-language Peso and you will « PS » Abbreviation
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This can be now widely thought to be the most likely resource away from the fresh money signal. We realize from handwritten manuscripts you to definitely merchants and traders usually abbreviated the brand new peso because the “PS.” As the time proceeded, and also as the new acronym turned into more prevalent, the new “S” try usually created along the “P,” producing an approximation of the “$” symbol. Probably the most commonly approved theory outlines the newest dollars icon’s root for the Spanish peso, which anything you pirates out there can ascertain since the “items of eight.” The brand new Spanish peso is a dominant currency in the Americas during the the brand new colonial era, and you can are accepted because the basic tool of value within the colonial America inside later 1700s. The us are known as the Joined Territories of Northern The usa up until 1776, and you can facts can be obtained that money sign was at fool around with before the united states moniker came to be — putting some theory search tenuous at best. The author and philosopher Ayn Rand apparently thought that it principle and you will decided to is they inside the a section from the girl 1957 novel Atlas Shrugged, where one to reputation asks another what the buck indication really stands to possess.
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