Definition of dollar sign

The 'dollar sign','$', is a currency symbol used to denote the United States dollar. This symbol has a long and intriguing history. The origin of the dollar sign goes back to the 18th century when the word 'peso' was commonly used to denote Spanish 'piece of eight' coins. In Colombia, these coins were popularly known as 'pie de plata', meaning 'silver feet' or 'silver dollars' due to their shape. The symbol '$' was originally coined in the 1850s to represent these silver dollars. The 'S' in the dollar sign, represented the 'Silver' dollar, and it helped distinguish the American currency from other currencies like the pound sterling and the Spanish peso that were commonly used at that time. The symbol quickly gained popularity and was officially adopted by the United States Government as the official symbol for the American dollar in the 19th century. The '$' sign has undergone several changes over the years. Initially, it was an 'S' with two vertical bars crossed over it, creating an 'ES' symbol. The symbol became shorter and simpler over time, as the superfluous bars were removed, making the current '$' symbol that we use today. Today, the dollar sign is an essential part of the global financial landscape. It is used to denote not just the US Dollar but also the currencies of several other countries, where the 'S' in the sign denotes 'Silver', even when the currency is not silver-based. The dollar sign has become a ubiquitous symbol recognized worldwide, a testament to the global influence and dominance of the US Dollar.