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  1. In fact, it was so large that it was often cut into eight smaller parts, hence each one was worth ⅛ of the dollar or 12 1⁄2 cents.Therefore, with two bits of this Spanish dollar, you had 25 cents – a quarter of a dollar. Later on, when the American quarter came into use, it got the nickname “two bits” since it was literally worth two ...

  2. Nov 6, 2023 · Linking "Two Bits" and the Quarter. Based on the Spanish dollar being worth eight bits or reales, early Americans called: 1 bit = 12.5 cents. 2 bits = 25 cents (a quarter dollar) 4 bits = 50 cents (a half dollar) So "two bits" became shorthand for a quarter, the handiest 25 cent piece. Some examples of "two bits" in early American writings:

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  3. Aug 15, 2018 · Two-bits, four-bits, six-bits, and eight-bits make reference to the eight-reales silver coin of New Spain and Mexico. It is also called a piece of eight and circulated in the English Colonies and ...

    • Coinweek
  4. Sep 20, 2023 · In the old west, two bits referred to the value of a quarter of a dollar. What is Two Bits? In simpler terms, two bits was equal to 25 cents. The Origin of Two Bits. The term “two bits” originates from the practice of cutting Spanish colonial silver dollars into smaller denominations, known as “bits”. Each dollar was cut into eight ...

  5. "Two bits" is a term in the United States and Canada for 25 cents, equivalent to a U.S. quarter. "Four bits" and "Six bits" are also occasionally used, for example in the cheer "Two bits, four bits, six bits, a dollar." The final words may also be "get lost", "drop dead" (in Australia), [citation needed] or some other facetious expression.

  6. Two-bit. When used as an adjective, as in 'a two-bit actor', it is a derogatory idiom that means something of very little worth or value. This usage dates from the early 20th century. and is obviously American. Before this, two bits referred to 25 cents or one quarter of a US dollar, and derives from the word 'bit', which was used in both ...

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  8. Two bits ” is an American term for 25 cents. It comes from the British slang “bit.” For example, a British person might say “a threepenny bit.” The slang was adopted in the American Southwest to refer to the old Mexican real, which was worth 12 1/2 cents.

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