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The 0 note is nicknamed "Benjamin", "Benji", "Ben", or "Franklin" (after Benjamin Franklin), "C-note" (C being the Roman numeral for 100), "Century note" or "bill" (e.g. The note is occasionally called a "yardstick" or a "grant" (after President Ulysses S. The note is referred to as a "double sawbuck", "Jackson" (after Andrew Jackson), or "double eagle".
The p and the s eventually came to be written over each other giving rise to $.
Another popular explanation is that it is derived from the Pillars of Hercules on the Spanish Coat of arms of the Spanish dollar.
This theory, popularized by novelist Ayn Rand in Atlas Shrugged, The American dollar coin was initially based on the value and look of the Spanish dollar, used widely in Spanish America from the 16th to the 19th centuries. silver dollars, and later, Mexican silver pesos circulated side by side in the United States, and the Spanish dollar and Mexican peso remained legal tender until the Coinage Act of 1857.
The first dollar coins issued by the United States Mint (founded 1792) were similar in size and composition to the Spanish dollar, minted in Mexico and Peru. The coinage of various English colonies also circulated.