Definition

Used as a noun:
quoit n [phonetics unavailable]. Newfoundland and English two-penny piece.
1976 HOLLETT 12 What was kwaits? That was what they call old fashion [pennies], see. That was what we call them, see, pitching kwaits.

Used as a verb:
quoit v also kite*. Cp OED ~ 2 'to throw like a quoit' (1597-). To skip flat stones over the surface of the water.
P 148-61 Kiting is shying flat stones.

The Dictionary of Newfoundland English G.M. Story, W.J. Kirwin, J.D.A. Widdowson, University of Toronto Press, 1982