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Yet another hypothesis derives the sign from the depiction on the Pillars of Hercules, a classical symbol for 2 sides from the Strait of Gibraltar, with a ribbon wrapped all over Every pillar (or the two pillars) in the shape of the "S". This unit can be a help factor of the Spanish coat of arms, and appeared on the commonest real de ocho coins circulating at the time in the Americas and Europe; particularly, All those minted with the Potosí mint in Bolivia, which operated from 1573 to 1825.
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The most generally acknowledged theory traces the dollar image’s origins on the Spanish peso, which all you pirates out there will know as “pieces online amazon gift copyright of eight.” The Spanish peso was a dominant forex within the Americas through the colonial period, and was acknowledged as The essential unit of benefit in colonial The us over the late 1700s.
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