What is Two Bob?
1.
Two bob shortened from two bob bit is cockney rhyming slang for shit.
"He's a two bob cunt"
See
2.
when someone is not worth a wank
that peter is always poncing the plum he is proper two bob!!
3.
An insult, basically a polite way of calling a person a
To give it a continental feel can be translated in German to 'Zwei Mark'.
"Oi get 'ere you Two Bob!"
See