Category Archives: Leon F. McClellan

History of Coins – TWO-BITS, FOUR-BITS, SIX-BITS, EIGHT…

By Leon F. McClellan …… Have you ever wondered why a United States quarter-dollar is called “two-bits”? Or, a half-dollar “four-bits”? Do you know why we call our basic monetary unit “dollar” instead of something else? Two-bits, four-bits, six-bits and eight-bits make reference to the eight-reales silver coin of New Spain and Mexico. It is […]

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