> >“The dollar was divided into "pieces of eight," or "bits," each consisting of one-eighth of a dollar.”
Well, well. So the name... TIL.
FYI I believe it used to be legal in the UK (still is? Is it even possible with modern plastic currency?) to tear a note in half to pay half the value. My brother said he saw it once, used to pay a bus fair, a very long time ago.
Well, well. So the name... TIL.
FYI I believe it used to be legal in the UK (still is? Is it even possible with modern plastic currency?) to tear a note in half to pay half the value. My brother said he saw it once, used to pay a bus fair, a very long time ago.