Dictionary entry

Levy

Webster's Dictionary 1913

Lev″y (–y̆), n.; pl.Levies (–ĭz). [A contr. of elevenpence or elevenpenny bit.] A name formerly given in Pennsylvania, Maryland, and Virginia to the Spanish real of one eighth of a dollar (or 12½ cents), valued at eleven pence when the dollar was rated at 7s. 6d.