Mite - Vine's Expository Dictionary of New Testament Words
Mite[ 1,,G3016, lepton ]
the neuter of the adjective leptos, signifying, firstly, peeled," then, "fine, thin, small, light," became used as a noun, denoting a small copper coin, often mentioned in the Mishna as proverbially the smallest Jewish coin. It was valued at 1/8th of the Roman as, and the 1/128th part of the denarius: its legal value was about one third of an English farthing; Mark 12:42 lit. reads "two lepta, which make a kodrantes (a quadrans);" in Luke 12:59 "the last lepton" corresponds in effect to Matthew 5:26, "the uttermost kodrantes," "farthing;" elsewhere Luke 21:2; See FARTHING.