“Hey Rod.....how come a dollar is called a buck and a quarter is called two-bits?”
“Buck for a dollar – originated in the Old West where buckskin was a common medium of exchange with the Indians. Later on, when currency was replacing the barter system, some people would still refer the dollar as a buck. At one time the Peso and the U.S. Dollar where worth the same amount. When the Peso was divided into eight pieces called bits, (it took 8 Spanish silver reales or bits to make a peso) it then took two bits to make a quarter, four bits to make half a dollar. Back then, you could get a 'shave and a haircut' for 'two-bits'.”
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