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19370Re: [tips_and_tricks] What does $ mean??

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  • Chuck East
    Apr 18, 2013
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      A common theory holds that it derives from the Spanish coat of arms engraved on the colonial silver coins, the reals, (among them the Spanish dollar) that were in circulation in Spain's colonies in America and Asia. Reals and Spanish dollars were also legal tender in the English colonies in North America, which later became part of the United States and Canada.

      In 1492, Ferdinand II of Aragon adopted the symbol of the Pillars of Hercules and added the Latin phrase Non plus ultra meaning "nothing further beyond", indicating "this is the end of the (known) world." But when Christopher Columbus came to America, the legend was changed to Plus ultra: "further beyond."

      Spain's coat of arms

      The symbol was adopted by Charles V and was part of his coat of arms representing Spain's American possessions. The symbol was later stamped on coins minted in gold and silver. These coins, depicting the Pillars of Hercules over two hemispheres and a small "S"-shaped ribbon around each, were spread throughout America, Europe and Asia. For the sake of simplicity, traders wrote signs that, instead of saying dollar or peso, had this symbol made by hand, and this in turn evolved into a simple S with two vertical bars.

      From "U.S."

      A dollar sign with two vertical lines could have started off as a monogram of 'US', used on money bags issued by the United States Mint. The letters U and S superimposed resemble the historical double-stroke dollar sign Cifrão symbol.svg: the bottom of the 'U' disappears into the bottom curve of the 'S', leaving two vertical lines. It is estimated from the papers of Dr. James Alton James, a professor of history at Northwestern University from 1897-1935, that the symbol with two strokes was an adapted design of the patriot Oliver Pollock in 1778. Oliver Pollock was such a zealous patriot – known as the "Financier of the Revolution in the West" – that conjecture does not overstep its bounds in purporting this theory as viable.

      --- On Thu, 4/18/13, DropCloth <james-allen-2@...> wrote:

      From: DropCloth <james-allen-2@...>
      Subject: [tips_and_tricks] What does $ mean??
      To: tips_and_tricks@yahoogroups.com
      Date: Thursday, April 18, 2013, 4:04 AM


      There is the "dollar" sign with a single vertical line, and there is the "dollar" sign with TWO vertical lines. What is the difference?

      I collected some one dollar stamps about 15 years ago. They have a red fox on a tree branch/log with double vertical lines through the "S". Any stamp the USPS puts out today will have the single vertical line.

      There's got to be a reason...besides saving ink!

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