Poll

Where I'm from, a Hoosier is a...

dish made of egg whites, ham, and Skittles.
citizen of Indiana.
tire.
rural person of low character or small means.
never heard of it.
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Author Topic: Poll: What's a Hoosier?  (Read 5902 times)

Tuco

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Re: Poll: What's a Hoosier?
« Reply #50 on: March 29, 2011, 07:02:43 PM »
Two bits is a quarter of any given denomination.
Piece(s) of eight, times two = Two Bits.

Historically, coins such as Spanish silver reales, were divided into eighths for small purchases.
Today our base denomination in these united states is the dollar.
A bit, or one eighth of a dollar is 12.5 cents.
Two bits is a quarter dollar, or in older times,  2/8 oz of silver.

The term "two bits" is applicable to any currency, but since abandoning gold and silver, somewhat antiquated and irrelevant, since no one really cuts up coins anymore.

edit - punktyouashun
« Last Edit: March 30, 2011, 09:14:44 AM by Tuco »
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