Sometimes called Mite and Mute (plur. Myten, Muter), and the diminutive Muterken. A billon coin of small value current in Flanders and Brabant as early as the fourteenth century and copied in Germany and the Low Countries. The etymology is probably from the Latin minutia, as the name was indiscriminately applied to coins of small value.

In Flanders, Louis de Male (1346-1384) probably introduced it, and the Brabandsche Mijt, as it was called, appeared under Jean IV (1417-1427) and had a value of one sixth of a Grote. A chronicle of Lemgo states that "Muter" were struck at that place in 1497.

The myte occurs in the coinage of Arnhem before 1460; it was issued at Osnabruck under Bishop Konrad von Rietberg (1482-1508), and at Lippe it had the value of a double Pfennig in the time of Bernhard VII (1431-1511).

At a later period the name was applied to billon coins struck at Munster, and in 1764 it was used to designate pieces of three Pfennige which had been reduced to one half of their original value. See Mite.