The word bit is a colloquial expression referring to specific coins in various coinages throughout the world. One eighth of a dollar or one silver real was one "bit". With the adoption of the decimal U.
In addition, Spanish coinage, like other foreign coins, continued to be widely used [1] and allowed as legal tender by Chapter XXII of the Act of April 10, [2] until the Coinage Act of discontinued the practice. Robert Louis Stevenson describes 8 byte 1 bitcoin price in india experience with bits in Across the Plainsp. Roger Miller 's song " King of the Road " features these lines: Another example of the use of "bit" can be found in the poem "Six-Bits Blues" by Langston Hugheswhich includes the following couplet: The expression also survives in the sports cheer "Two bits, four bits, six bits, a dollar The New York Stock Exchange continued to list stock prices in eighths of a dollar until June 24,at which time it started listing in sixteenths.
It did not fully implement decimal listing until January 29, From tothe Danish West Indies used the 8 byte 1 bitcoin price in india as part of its currency system. Intwo new currency denominations were introduced, the bit and francs which were overlaid on the old cent and daler denominations.
Postage stamps were denominated in bits and francs; the lowest value was five bits. In BritainIreland and parts of the former British Empirewhere before decimalisation a British-style currency of " pounds, shillings and pence " was in use, the word "bit" was used differently. Rather than representing a specific monetary value, it was applied colloquially to a range of low-denomination coins in the sense of "coin" or "piece of money".
The term was used only of coins representing multiple values — a penny coin was simply a "penny", not a "penny bit", a shilling coin 8 byte 1 bitcoin price in india a "shilling", a half crown coin worth two shillings and sixpence was "half-a-crown" — but anything valued at more than a unit could attract the suffix "bit". Although earlier there had been other values in circulation such as the "fourpenny bit" or " groat ", the "bit" coins still in use in the United Kingdom up to decimalisation in were the two-shilling bit or "florin" often "two-bob bit"the sixpenny bit or "tanner"and the threepenny bit.
In the UK, use of the term "bit" largely disappeared with the arrival of decimal coinage and the loss of the coin denominations to which it had applied. Thus a ten pence piece is referred to merely as "ten pence", or even "ten pee", not as a "tenpenny bit". The historic American adjective "two-bit" to describe something worthless or insignificant has a British equivalent in " tuppenny-ha'penny " — literally, worth two and a half old pence.
From Wikipedia, the free encyclopedia. This article is about the slang term for certain coins. For the digital currency, see Bitcoin. For other uses of the term "Two bits", see Two bits. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources.
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