Worth Knowing · Wall Street Oddities

U.S. stocks were priced in fractions until 2001. For two centuries a share might trade at 50 1/8, and the smallest possible move was an eighth of a dollar — a habit inherited from the Spanish “pieces of eight.” The NYSE only switched to decimals and penny increments in January 2001.

Source: Market-structure historyVerified 2026-07-10
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