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.)
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Easton's Bible Dictionary
Easton's Bible Dictionary, Third Edition, M. G. Easton, 1897.