1804, "coin of small value," in early use the Spanish half-real, a coin circulating in Louisiana, Florida, and adjacent regions, worth about 6 cents, later a 5 cent piece; probably from Louisiana French picaillon "coin worth 5 cents," earlier the French name of an old copper coin of Savoy (1750), from Provençal picaioun "small copper coin," from picaio "money," a word of uncertain origin. Adjectival figurative sense of "paltry, mean" recorded from 1813.