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That is today commonly considered the most appropriate supply out of the new dollar sign. More commonly acknowledged theory lines the brand new dollars icon’s root to your Foreign-language peso, and that whatever you pirates available know as the “pieces of eight.” The newest Spanish peso are a dominant currency from the Americas throughout the the newest colonial era, and you may try recognized as the earliest device of value inside colonial The usa in the late 1700s. The united states are known as the Joined Colonies out of North The usa up until 1776, and proof can be acquired your dollar signal was a student in play with prior to the usa nickname was created — deciding to make the principle search tenuous at best. The writer and you will philosopher Ayn Rand seemingly thought which principle and you will chose to is they inside the a chapter from the woman 1957 novel Atlas Shrugged, in which you to character requires another precisely what the money sign stands for. (The new exploit in the Potosí was previously an element of the way to obtain gold on the Language Empire.) The fresh mint utilized a good stamp you to looked the brand new letters PTSI (to have Potosí) implemented towards the top of both, that will are creating a symbol just like the progressive dollar sign.
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