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Mite
Mite [EBD]
contraction of minute, from the Latin minutum, the translation of the Greek word lepton, the very smallest bronze of copper coin (Luke 12:59; 21:2). Two mites made one quadrans, i.e., the fourth part of a Roman as, which was in value nearly a halfpenny. (See FARTHING.)
MITE [SMITH]
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," ver. 42, it may perhaps be inferred that the farthing was the commoner coin.MITE [ISBE]
MITE - mit (lepton): The smallest copper or bronze coin current among the Jews. They were first struck by the Maccabean princes with Hebrew legends, and afterward by the Herods and the Roman procurators with Greek legends. The "widow's mite" mentioned in Mk 12:42 and Lk 21:2 was probably of the first kind, since those with Greek legends were regarded as unlawful in the temple service. According to Mark, the lepton was only half a kodrantes (Latin quadrans), which would indicate a value of about one-fourth of a cent or half an English farthing.See MONEY.
H. Porter
Also see definition of "Mite" in Word Study
