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. Marks explanation, "two mites, which make a farthing," ver. 42, it may perhaps be inferred that the farthing was the commoner coin. [E] indicates this entry was also found in Easton's Bible Dictionary