Penny

The penny is among the lowest denomination of coins in circulation.

  • 1⁄100 of the British pound sterling (see British one penny coin), the former Irish pound, the Gibraltar pound, the Saint Helena pound, the Falkland Islands pound, or a coin with that value: see History of the English penny.
  • 1⁄240 of the British pound sterling or Irish pound before decimalisation on 15 February 1971, of the Pound Scots prior to 1707, and also the pre-decimalisation currencies of Australia, New Zealand and South Africa (1⁄12 of the shilling), or a coin of that value.
  • A common colloquial name for the one-cent coin currently used in the United States and formerly used in Canada, worth 1⁄100 of the dollar: see Penny (U.S. coin), Penny (Canadian coin).

In addition, variants of the word penny, with which they share a common root, are or were the names of certain units of currency in non-English-speaking countries:

  • A fening is 1⁄100 of a Bosnia and Herzegovina convertible mark
  • A Pfennig was 1⁄100 of a German Mark and is sometimes still used by Germans as the name for the 1c coin of the Euro
  • A penni was 1⁄100 of a Finnish markka

In the United States and Canada, "penny" is normally used to refer to a "cent." Elsewhere in the English-speaking world, the plural of "penny" is "pence" when referring to a quantity of money and "pennies" when referring to a number of coins. Thus a coin worth five times as much as one penny is worth five pence, but "five pennies" means five coins, each of which is a penny.

When dealing with British or Irish (pound) money, amounts of the decimal "new pence" less than £1 may be suffixed with "p", as in 2p, 5p, 26p, 72p. Pre-1971 amounts of less than 1/- (one shilling) were denoted with a "d" which derived from the term "denarius", as in 2d, 6d, 10d.

Irish pound decimal coinage only used "p" to designate units (possibly as this sufficed for both the English word "pence", and Irish form "pingin").

O: Draped bust of Aethelred left. +ÆĐELRED REX ANGLOR R: Long cross. +EADǷOLD MO CÆNT
Anglo-Saxon silver "Long Cross" penny of Aethelred II, moneyer Eadwold, Canterbury, c. 997–1003. The cross made cutting the coin into half-pennies or farthings (quarter-pennies) easier. (Note spelling Eadƿold in inscription, using Anglo-Saxon letter wynn in place of modern w.)

Read more about Penny:  Criticism, Idioms, List of Pennies

Other articles related to "penny":

Leonard Hofstadter - Personality
... Penny tried to change his outfits, but to no avail ... He is instantly captivated by Penny, and from the beginning sets out to date her ... episodes, Leonard is reluctant to let Penny know about his recreational activities (such as Klingon Boggle), as he does not want her to see him as a geek ...
List Of Minor Emmerdale Characters (2007) - Penny Drury
... Penny Drury Emmerdale character Portrayed by Amelia Sefton Introduced by Kathleen Beedles First appearance 2007 Last appearance 20 November 2007 Classification Former recurring ... Penny is a classmate of Daz Eden, and when Debbie Dingle notices that he fancies Penny, she tries to get him to talk to her, but he cannot build up the confidence ... Debbie invites Penny to Daz's birthday party but it is only the two of them there ...
Lee Penny
... Lee Penny is a former rugby league player ... Penny was born in Wigan in 1974, he attended St Cuthberts Infant and Junior School and St Thomas More High School ... Penny played in the Fullback position and was a Scotland international and played at the 2000 Rugby League World Cup ...
List Of Coronation Street Characters (2003) - Penny King
... Penny King Coronation Street character Portrayed by Pauline Fleming Introduced by Kieran Roberts Duration 2003-06 First appearance 8 August 2003 Last appearance 17 April ... When Preston dies Penny develops a brief friendship with Fred Elliot, publican of the Rovers Return who takes a shine to her and proposes marriage but she turns him down ... Penny and Mike become close and a relationship ensues which creates tensions between Mike and Fred ...

Famous quotes containing the word penny:

    Oh, I realize it’s a penny here and a penny there, but look at me: I’ve worked myself up from nothing to a state of extreme poverty.
    Arthur Sheekman, U.S. screenwriter. Norman McLeod. Groucho Marx as himself, in Monkey Business (film)

    There is no passion more dominant and instinctive in the human spirit than the need of the country to which one belongs.... The time comes when nothing in the world is so important as a breath of one’s own particular climate. If it were one’s last penny it would be used for that return passage.
    Gertrude Stein (1874–1946)

    As long as learning is connected with earning, as long as certain jobs can only be reached through exams, so long must we take this examination system seriously. If another ladder to employment was contrived, much so-called education would disappear, and no one would be a penny the stupider.
    —E.M. (Edward Morgan)