Who Invented the Dollar Sign and How Did the Dollar Symbol Originate?

Thomas Jefferson used the letter “S” with two lines through it to symbolize a dollar in a document.

It is in that document that he suggested the dollar as the primary unit of American currency in 1784.

Prior to this the symbol was in use for the peso throughout Latin America.

who invented the dollar sign and how did the dollar symbol originate

Consequently, the most widely accepted explanation is that the dollar sign ($) is a depiction of the twin pillars of Hercules wrapped with a scroll, as found on early Spanish pieces of eight.

About Karen Hill

Karen Hill is a freelance writer, editor, and columnist for zippyfacts.com. Born in New York, she loves interesting random facts from all over the world.