HD Sumner
1 Answer
Jack Large
The term persists colloquially in the United States as a holdover from colonial America when Spanish dollars minted in Mexico, Bolivia and other Spanish colonies were the widest circulating coin. Spanish dollars were deemed equivalent in value to a U.S. dollar. Thus, twenty-five cents was dubbed "two bits," as it was a quarter of a Spanish dollar. Because there was no one-bit coin, a dime (10c) was sometimes called a short bit and 15c a long bit.
Even the New York Stock Exchange continued to list stock prices in eighths of a dollar until June 24, 1997 (at which time it started listing in sixteenths, but later going to decimals in 2001).
| 13 years ago. Rating: 0 | |
Top contributors in Uncategorized category
Unanswered Questions
GO8 | Top 1 Cổng Game Đổi Thưởng 24/7 - Uy Tín An Toàn
Answers: 0
Views: 0
Rating: 0
cwinkitcom
Answers: 0
Views: 2
Rating: 0
Nhà cái Tỉ Lệ Nhà Cái
Answers: 0
Views: 2
Rating: 0
so79grcom
Answers: 0
Views: 3
Rating: 0
Nhà cái Tỉ Lệ Nhà Cái
Answers: 0
Views: 1
Rating: 0
cwinkitcom
Answers: 0
Views: 0
Rating: 0
68Gamebai team
Answers: 0
Views: 5
Rating: 0
bet889net
> More questions...
Answers: 0
Views: 7
Rating: 0