Two Bit Creek is a stream in the U.S. state of South Dakota.
Some say the stream was a "two-bit creek" (i.e. a small creek), hence its name, while others believe local prospectors found two "bits" of gold, causing the name to be selected.[1]
"Early in the Spring of 1877, father left Galesburg again, this time successfully reaching Deadwood. He located mines on a little stream which he named Two Bit Creek because the bits of gold washed out in a placer mining pan so often yielded that amount - two bits or twenty-five cents."[2]