Mite:
a coin current in Palestine in the time of our Lord (Mark 12:41-44; Luke 21:1-4). It seems in Palestine to have been the smallest piece of money (worth about one‐fifth of a cent) being the half of the farthing, which was a coin of very low value. From St. Mark's explanation,"two mites, which make a farthing," verse 42, it may perhaps be inferred that the farthing was the commoner coin.
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