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What is a quadrans?

What is a quadrans? Here are some definitions.

Noun
  1. A bronze coin of the Roman republic worth one quarter of an as.
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Examples
As for the price exacted, it ranged from a quadrans to a very high figure.
Lepta are very small brass coins worth half a quadrans each, which is a quarter of the copper assarion.
The basic coinage instituted by Augustus comprised the copper quadrans, brass semis, copper as, brass dupondius and sestertius, silver denarius, and gold aureus.
He made his pile from an as, and would pick a quadrans out of a dunghill with his teeth, any old time.

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