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Yet one more hypothesis notes that the English term "dollar" for your Spanish piece of eight originally arrived (as a result of Dutch daalder) from Joachimsthaler or thaler, a similar huge German silver coin that was widely Employed in Europe. It can be therefore conjectured that the dollar indicator derived from the image consisting of the superimposing S And that i or J that was accustomed to denote the German silver coin.
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At last, A different theory—which can be also unsupported by historic proof—is that it is derived from your Latin phrase “in hoc signo” or “by this indication,” which was abbreviated “IHS” in liturgical scripts, as well as on tombstones during the 19th century, Maurer suggests.