Posted by Henry on February 04, 2004
In Reply to: Two Bits posted by Keith Pelton on February 04, 2004
: Hearing this phrase often from my grandfather "Two Bits", I know it means .25 cents. What's a bit and if it's two of them, why .25 cents?
It's an arbitrary small amount. Similarly, "I wouldn't give tuppence for it." (two pence)