What does the term “two bits” mean and where does it come from?

“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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apocryphal: of doubtful authorship or authenticity.

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November 20, 2014

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