Talk:Bit (money)

message: Heh, is there actually anything that doesn't cost a multiple of a cent? --Ihope127 19:11, 28 August 2005 (UTC)
replies: text: As a matter of fact, yes. Not that you'll be looking back here to see a response three years later, but I thought I'd answer anyway.--69.140.102.13 (talk) 16:08, 11 March 2008 (UTC)
thread_title: Untitled

message: The article says "In Canada, 2 bits and 4 bits are common expressions used to denote 25 and 50 cents respectively." As a Canadian, I have never heard anyone use this terminology, not even on TV. So that bit of trivia seems to be just plain wrong. It may be regional slang somewhere or other, but it certainly isn't "common." I'll just add a "citation needed" for now. Ψαμαθος 17:20, 2 April 2008 (UTC)
thread_title: Terminology in Canada

message: Although the article makes is clear that the term "bit" derives from it being a 1/8 piece of a Spanish milled dollar, I can't help but wonder, given that this equates to 12.5 cents, whether there is any relationship to the Hindi term "beda", used in India to refer to 12.5 paise. --BenStrauss (talk) 19:04, 11 May 2010 (UTC)
thread_title: Etymological Link?

message: That does not make any sense. There is no US coin worth less than one cent, and you cannot have a partial person for anything. Cbsteffen (talk) 03:28, 24 June 2013 (UTC)
replies: text: Not sure what you mean -- a bit was originally 1/8th of a Spanish silver dollar, and this was transferred to 1/8th of a U.S. dollar.  The Half cent (United States coin) was minted until 1857, and fractional cent amounts were commonly used in the payment of taxes in the U.S. until well into the 20th century... AnonMoos (talk) 00:23, 25 June 2013 (UTC)

text: Not only did the U.S. make Half Cent coins until 1857, Spanish Eight Reales, its fractional denominations, as well as many other foreign coins were legal tender in the United States until 1857!  It was not uncommon for early circulating banknotes, what are now commonly referred to as Obsolete Currency (usually issued by private banks), to be denominated in fractions of a dollar including one bit, i.e., 12-1/2 cents and a half-bit, i.e., 6-1/4 cents.  Furthermore, until only a few years ago stocks on U.S. exchanges were quoted in fractions of 1/8 and 1/16 of a dollar, remnants of the early basis of the U.S. dollar upon the Spanish "Dollar"/8 Reales. ... Sam I am47 (talk) 04:03, 10 May 2014 (UTC)

text: As a historical curiosity, this is also the exact reason that the US stock market was priced in eigths of a dollar until very recently. 73.198.40.189 (talk) 04:00, 17 December 2014 (UTC)
thread_title:  How Can a Bit Equal 0.125 US Dollars? 

message: What cost a Buck n a bit when those terms were relative 2601:281:C500:ADC0:24EF:C6AF:2A33:17E2 (talk) 17:44, 19 March 2022 (UTC)
thread_title:  Buck n a bit 

message: The article says "The New York Stock Exchange continued to list stock prices in $1/8 until June 24, 1997, at which time it started listing in $1/16. It did not fully implement decimal listing until January 29, 2001." We never referred to anything as bits, it was eighths and teenies. I am confused why this content is in this article. Is my WP:OR incorrect? Jtbobwaysf (talk) 10:15, 19 January 2024 (UTC)
replies: text: They used the monetary unit, even if not the name... AnonMoos (talk) 07:53, 20 January 2024 (UTC)
thread_title:  Huh