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The penny, also known as the cent, is a coin in the United States representing one-hundredth of a dollar.It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857 (the abstract mill, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of taxation and finance).
The Lincoln cent (sometimes called the Lincoln penny) is a one-cent coin that has been struck by the United States Mint since 1909. The obverse or heads side was designed by Victor David Brenner , as was the original reverse, depicting two stalks of wheat (thus "wheat pennies", struck 1909–1958).
A coin of half a new penny, a halfpenny, was introduced to maintain the approximate granularity of the old penny, but was dropped in 1984 as inflation reduced its value. An old value of 7 pounds, 10 shillings, and sixpence, abbreviated £7-10-6 or £7:10s:6d. became £7.52 1 / 2 p .
Penny is first attested in a 1394 Scots text, [n 1] a variant of Old English peni, a development of numerous variations including pennig, penning, and pending. [n 2] The etymology of the term "penny" is uncertain, although cognates are common across almost all Germanic languages [n 3] and suggest a base *pan-, *pann-, or *pand-with the individualizing suffix -ing.
The first official mintage of the large cent was in 1793, and its production continued until 1857, when it was officially replaced by the modern-size one-cent coin (commonly called the penny). Large cents were made of nearly pure copper , or copper as pure as it emerged from smelting , without any deliberate addition of other metals (such as ...
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ha'penny (1 ⁄ 2 d, 1 ⁄ 480 £) 1 ⁄ 2 penny (1 ⁄ 200 £) 1856 [29] 1956 1967 1983: 1870 1960 1969 31 December 1984: No [2] Decimal halfpennies can be paid into bank accounts at the discretion of commercial banks; cannot be exchanged by the general public at the Royal Mint, although private companies exist which can do so. United States ...
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