The most popular explanation is that the dollar sign derives from the Spanish coat of arms engraved on the Spanish colonial silver coins “Real de a Ocho” (”piece of eight”) or Spanish dollar under circulation in the Spanish colonies of America and Asia, as well as in the English Thirteen Colonies and later the U.S. and Canada.
The Spanish coat of arms has two columns (), which represent the Pillars of Hercules and an “S”-shaped ribbon around each, with the motto “Non Plus Ultra” originally, and later “Plus Ultra”.
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Transcribo literalmente este texto procedente del libro "De Onte a Hoxe", donde se explica el origen del símbolo del dólar.
"O sestercio, moeda romana, valía dous ases e medio e o símbolo era HS. O H era o número romano II atravesado por unha liña e o S é abreviatura de semis “medio”. Parece ser que os norteamericanos para faceren o símbolo do dólar colleron intencionadamente o símbolo da moeda romana superpoñendo as dúas letras: $"
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