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Two Bits

Posted by Scott Marsden on October 19, 2000

In Reply to: Two Bits posted by ESC on October 17, 2000

: : What is the origin of a quarter being equal to "Two Bits"?

: "

As well, this is where the phrase "piece of eight" comes from. A peso is a piece of eight, because one peso can be cut into eight reals, or "bits".