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. Mark's explanation, "two mites, which make a farthing," Mark 12:42, it may, perhaps, be inferred that the farthing was the commoner coin.