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We understand away from handwritten manuscripts you to definitely resellers and you will investors usually abbreviated the fresh peso as the “PS.” Because the time continued, and also as the fresh abbreviation turned into more common, the fresh “S” try have a tendency to created over the “P,” promoting a keen approximation of your “$” icon. More extensively recognized concept outlines the new money symbol’s roots to the Foreign-language peso, which anything you pirates available to choose from can ascertain as the “items of eight.” The fresh Foreign-language peso is actually a dominant money on the Americas during the the brand new colonial point in time, and you will are acknowledged because the earliest equipment of value in the colonial The usa within the late 1700s. An alternative preferred idea — and probably a greatest misconception — is that the icon represents “You” and came from the brand new acronym “U.S.,” to the emails layered plus the “U” to be stylized throughout the years. It’s thought that while the day proceeded, the fresh acronym try tend to authored so that the S is actually on the the top P, promoting an approximation of your $ icon. Handwritten manuscripts dating compared to that date reveal that the new peso—officially “peso de ocho reales” otherwise “bit of eight” in america—is actually abbreviated PS.

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