Groat/ɡrəʊt/ Definition 1 of 2Pro Tip 1/3Historical Value Understand groats were minor coins, so they symbolize small amounts of money. He joked that his antique was worth only a few groats. Pro Tip 2/3Obsolete Currency Groat is no longer used; recognize it in historical or fantasy settings. The old merchant demanded a groat for his mysterious potion. Pro Tip 3/3Cultural Reference Groats may appear in British literature or historical contexts. Historians discovered ledgers listing wages paid in groats.