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The penny is only one cent because of the way the coin was designed. It's just like asking why 1+1=2 or why is b after a in the alphabet.
Not quite...The use of the term "penny" to refer to one-cent coins in the US and Canada is a slang holdover from the days when each country was a British colony. The British coinage system has had a penny coin for over 1000 years, but there's no formal or legal "penny" in either the US or Canada.
When the US and Canada became independent each decided to use coins based on dollars divided into 100 cents ("cent" is related to words like "percent" and "centennial", all having to do with 100). Early 1-cent coins were made out of copper and were similar in size to British pennies, so people who were accustomed to the old British Coins just kept using the term "penny" for the new 1¢ coins, and the name stuck.
It's a bit like using the expression "dial a telephone" even though most telephones haven't had dials for decades.
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2 cent penny?
No such coin. A penny is one cent so a 2 cent penny does not exist. There are US Two- Cent pieces but a date is needed.
What is the value of a 1962 Bronze us penny?
...Only one cent. They are in common circulation.
What is the value of 1911 one cent Lincoln penny?
One cent
Is Lincoln on the back of a penny worth more than one cent?
Lincoln is pictured on usually pictured on the front of the penny. 2009 is the only date that he was on the back. These pennies are very common and worth only 1 cent.
How much is a 1940 penny with one cent on the back?
It's worth one cent
What is the value of a large 1839 penny?
One cent, it's only a penny
How many cents are one penny?
The words cent and penny are synonymous; a cent is a penny.
2 cent penny?
No such coin. A penny is one cent so a 2 cent penny does not exist. There are US Two- Cent pieces but a date is needed.
How much is a 1991 penny?
It's worth exactly one cent.
How much is a cent Penny from 2000?
One cent.
Hundredths of a dollar?
penny
What is the value of 1911 one cent Lincoln penny?
One cent
What is the value of a 1962 Bronze us penny?
...Only one cent. They are in common circulation.
What are penny stocks and are they actually only a penny?
A penny stock is one that is relatively cheap and does not actually mean that the stock is one cent. The penny stocks are usually high risk but high reward.
Is Lincoln on the back of a penny worth more than one cent?
Lincoln is pictured on usually pictured on the front of the penny. 2009 is the only date that he was on the back. These pennies are very common and worth only 1 cent.
What is the value of a penny with the wording one cent on the back of the coin?
one cent
What is a penny considered?
one cent
