Origin of the Dollar Sign

Homeschool Legal Advantage - Origin of the Dollar Sign

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The dollar sign ($) is one of the most widely recognized symbols in the world. The term dollar was probably used before formal use of the dollar sign abbreviation. Shakespeare used the word dollars in several of his plays.

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Homeschool Legal Advantage

The origin and evolution use of the dollar notation is a matter of scholarly debate. Arguably the most authoritative reference describing inherent origin of the dollar emblem is a book by noted author Florian Cajori known as A History of Mathematical Notations (Vol. Ii).

One of the most plausible theories is that the dollar emblem was derived from the abbreviation "Ps" for peso. The names of the Spanish dollar together with peso, piaster, and "pieces of eight" began with the letter p. The plural form of each was ordinarily abbreviated as "Ps". English colonists in the late eighteenth century were believed to consolidate the p and s into one suitable symbol.

Another favorite system is that the the dollar emblem was derived from superimposition of the letters U and S. Author Ayn Rand popularized this system of the dollar sign in her book Atlas Shrugged. However, this emblem was in use before the inception of the United States.

As early as the 1770s, the dollar mark was used in manuscript communications in the middle of American colonists and their Spanish compatriots. In 1785, the dollar emblem was adapted in United States' legal tender. The earliest known check showing a dollar sign is dated October 7, 1790, and is signed by William Sullivan. A prominent politician, Sullivan authored "Public Men of the Revolution." The dollar notation is now ordinarily seen on almost all checks printed in the United States. Argentina, Australia, Brazil, Bolivia, Chile, Columbia, Cuba, Mexico, Portugal, and Uruguay, continue to use the dollar emblem on their currency.

The origin of the dollar emblem will likely be a subject of prolonged scholarly investigation. Anyone its origin, the dollar sign will continue to be one of the most favorite and recognized symbols in the world.

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