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It's a holdover from colonial times when British Coins were used. The British penny was about the same size as the first American one-cent coins and served a similar purpose in making change, so people used the name interchangeably. Since then it's just "stuck" in popular usage, the same way we talk about "dialling" a telephone even though dial phones haven't been used for decades.
What else can I help you with?
Why is a 10 cent coin called a penny?
We have never heard of a 10 cent coin called a penny, but at one time there were 1 cent coins called nickels. This happened because the 1 cent coins were made as thick as a nickel.
What is a 1867 two cent penney worth?
PENNY, not "penney". Penney's is a department store chain. Also it has to be either a two cent piece or a penny but not both. A penny is worth one cent so a "two cent penny" is not a meaningful description. Please see the Related Questions for possible answers depending on what you have.
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 1918 one cent piece?
it really depends. if its an Indian head penny its probably a dollar. a penny with Lincoln is a really a penny because Lincoln went on the penny in about the mid 1900's.
What is the value of 1911 one cent Lincoln penny?
One cent
How do you make 61cents out of 3 coins?
One fifty-cent piece, one dime, and one cent (penny)
What is the value of a 1948 France one cent piece?
0.7 of an American penny
Why is a 10 cent coin called a penny?
We have never heard of a 10 cent coin called a penny, but at one time there were 1 cent coins called nickels. This happened because the 1 cent coins were made as thick as a nickel.
What is a 1867 two cent penney worth?
PENNY, not "penney". Penney's is a department store chain. Also it has to be either a two cent piece or a penny but not both. A penny is worth one cent so a "two cent penny" is not a meaningful description. Please see the Related Questions for possible answers depending on what you have.
How many cents are one penny?
The words cent and penny are synonymous; a cent is a penny.
How many pennies equal a cent?
One penny is equal to one cent. Therefore, it takes one penny to make a cent.
Is a penny one hundredth of a dollar?
Yes -the term 'penny' refers to a 1 cent piece in america. It's also 100th of a pound in the UK.
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 1918 one cent piece?
it really depends. if its an Indian head penny its probably a dollar. a penny with Lincoln is a really a penny because Lincoln went on the penny in about the mid 1900's.
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
