JOE Conner wrote:
Lisi Reisz wrote:
<<SNIP>>
For the benefit of those of us who did not understand it...
My guess would be that there is an American/Australian coin worth
12.5 cents, since that would make sense of this comment.
Is that correct??
Lisi
It was a Mexican coin. Numerous references to it may be found in old
western movies.
Actually, it was a Spanish coin, called the "milled dollar" Famous from
pirate movies and books, this coin had divisions, much like a pie, so
that it could be cut up.into eight bits. "Pieces of eight" refers to
this coin. The dollar has, for a long time, been spoken of in its
fractional forms, two bits= 25 cents, four bits=50 cents, six bits=75
cents. There is no 1 bit coin, but as you see, the original 1 bit was
worth 12 1/2 cents.
JimW
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