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Two Bits

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)