Green’s Dictionary of Slang

two bits n.

[bit n.1 (1d)]

1. 25 cents; also as adj., costing 25 cents.

Barry & Patten Men and Memories of S.F. 132: Two bits for a cup of coffee; two bits for a piece of pie.
[US]The Standard Quartette [song title] ‘So, Bo, Give Me Them Two Bits.’.
[US]F.H. Carruth Voyage of the Rattletrap 142: He tossed out a quarter and said, ‘Two bits,’ and a dime and said, ‘Short bit — thank you.’.
[US]A. Adams Log Of A Cowboy 334: A shave was two bits and a drink the same.
[US]R. Lardner Gullible’s Travels 111: It was the best meal I had in dear old Dixie [...] And they charged two bits a plate.
[US]‘Digit’ Confessions of a Twentieth Century Hobo 12: Two, four, or six bits...Twenty-five, fifty, and seventy-five cents.
[US]D. Runyon ‘Blood Pressure’ Runyon on Broadway (1954) 88: A young baseball bat [...] which cost maybe two bits.
[US]N. Algren Never Come Morning (1988) 3: Two-bits shampoo okey?
[US]Kerouac On The Road (1972) 103: I had to panhandle two bits for the bus.
Kratz ‘What is College Slang?’ in AS XXXIX:3 189: I find [...] two bits.
[US]H. Roth From Bondage 340: Jesus, yer a prince! A whole two bits! God bless ye!

2. (US Und.) $25.

[US]H. Asbury Gangs of Chicago (2002) 340: Hundred-dollar bills were leaves, and twenty-five dollars was scornfully called two bits.
[US]Monteleone Criminal Sl. (rev. edn).
[US] ‘Sl. of Watts’ in Current Sl. III:2.