How much was a bit

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It went like this, and yes, I cheered this one. "Two bits, four bits, six bits, a dollar, all for St Mary's (your school) stand up and holler!�. In the US, the bit is equal to 12+1?2?. In the U.S., the "bit" as a designation for money dates from the colonial period, when the most common unit of currency. many bits as atoms in the Earth (,,,,,,,,,,,,,,,,). The problem here is two fold: in any.