Coin Terminology and Glossary
The Coin Collecting Dictionary includes 546 titles used widely in the coin
collectors community, and has received over 974998 search inquires.
- Random title:
Bit
- Explanation: Slang used to indicate one eighth of a dollar. In early days of this country's history the Spanish Milled Dollar (pillar dollar or 8 reales) circulated. Due to a shortage of smaller coins these silver dollars were often cut into pieces shaped like slices of pizza. A small piece equal to one eighth of the dollar was called a 'piece of eight' or a 'bit'. The nursery rime 'two bits, four bits, 6 bits, a dollar' comes from this time in history. Example, two bits = two eighths or a quarter
Most popular coin titles