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What does two-bit mean?

Looking for the meaning or definition of the word two-bit? Here's what it means.

Adjective
  1. (US, informal) costing 25 cents
  2. (US, idiomatic, slang) insignificant or worthless
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Examples
James Cagney plays Patsy Gargan, a two-bit racketeer who is awarded a post as deputy commissioner of a boys reform school as a political payoff.
I'm stuck in this two-bit town until the fall, when I will venture out to the same college I went to before and try to life my live.
The middle-aged con artist partners up with young two-bit purse snatcher Fiona, played by Liane Balaban.
But even in a tiny, two-bit town in Haryana, she got a science education good enough to allow her to compete at an international level.
This is for all those nights in two-bit minor-league towns, for all the times he was told he wasn't good enough.
I was doing that eons before this two-bit hustler started horning in on the action.

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