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See Peter Minuit.
Min·u·it(mĭn′yo͞o-ĭt) also Min·ne·wit (-ə-wĭt), Peter 1580-1638.
Dutch colonial administrator who purchased Manhattan from the Wappinger for trade goods legendarily valued at $24.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.