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What a penny is?

Updated: 9/23/2023
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10y ago

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A penny is a British coin worth 1/100 of a pound sterling, about 1.5 U.S. cents as of 05/2016.

Because of historic ties to England, the lowest-denomination coin used in the US is called a penny in common usage, but the formal name is cent. The US Mint has never made a coin officially called a penny.

Canada used 1-cent coins until 2012; they were also commonly called pennies.

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Connie Ferry

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1y ago
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7y ago

A penny is a British coin worth 1/100 of a pound sterling, about 1.5 U.S. cents as of 05/2016.

Because of historic ties to England, the lowest-denomination coin used in the US is called a penny in common usage, but the formal name is cent. The US Mint has never made a coin officially called a penny.

Canada used 1-cent coins until 2012; they were also commonly called pennies.

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