Entity: PENNY
A penny is a unit of currency, typically worth one cent, used in various countries such as the United Kingdom and the United States.
PENNY
Etymology
The term 'penny' originates from the Old English word 'penig,' which in turn comes from the Germanic word 'pennning' meaning 'coin.'
Definition
A penny is a small denomination of currency, typically representing the smallest unit in a monetary system. It is commonly used to denote low value or small transactions in various countries such as the United Kingdom and the United States.
Historical Context
Throughout history, pennies have been minted in various materials such as copper, zinc, nickel, and steel. They have played a significant role in trade and commerce, symbolizing the basic unit of currency.
Cultural Significance
Pennies hold cultural significance in different societies, often associated with luck, charity, or superstitions. In some cultures, a penny found heads up is considered good luck.
Related Concepts
- Cent (US)
- Pence (UK)
- Coin
See Also
- Currency
- Numismatics
- Money
A small denomination of currency, usually the smallest unit in a monetary system, often used to represent low value or small transactions.