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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 06/04/2006 : 15:28:06
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Poll Question:
What is it, a penny or a cent? We are taking about American money here.
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If you can conceive it, you can achieve it. -Napoleon Hill
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realcent
Forum Admin
USA
246 Posts |
 Posted - 06/04/2006 : 16:11:16
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Technically, the US has never issued a coin called a penny, we have once cent pieces. Some numismatists get bent out of shape about this one, but most people use the two terms interchangeably.
RealCent
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For more copper cent hoarding information check out:
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n/a
deleted
42 Posts |
Posted - 06/04/2006 : 16:20:43
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| I agree with the above. Very well put. |
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n/a
deleted
3 Posts |
Posted - 06/05/2006 : 17:22:13
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"Penny" comes from the English coin that was, originally, a pennyweight of silver. The US has never really had a penny, they're technically cents.
But they're still pennies to me. |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 12/14/2009 : 12:22:01
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| I agree, that it is definitely a one cent penny. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 12/14/2009 : 13:25:14
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| I also use both terms so I quess that I am not much help. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 12/14/2009 : 13:26:27
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I call them pennies.
Some jerk over on another forum changed one of my post to say "cents" instead of "pennies" |
You don't have to be the BEST you just have to be.......SLICK
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Investin Cents
Penny Pincher Member
USA
129 Posts |
Posted - 12/14/2009 : 14:08:41
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| Yes, technically it is a cent, but penny is still a popular term for it. We just can't shake some of those pre-Revolutionary War words, phrases, habits & customs. |
Most recent book I've read: "Meltdown" by Thomas E. Woods Jr. Current book: "I.O.U.: Why Everyone Owes Everyone & No One Can Pay" by John Lanchester |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 12/14/2009 : 14:17:44
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As I sit here, and look at a Brinks box, it has $25 PENNIES on the side.
When you go in a bank what do you ask for?
Does anyone here actually ask for cents when they are ordering? |
You don't have to be the BEST you just have to be.......SLICK
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hobo finds
Penny Hoarding Member
838 Posts |
Posted - 12/14/2009 : 14:18:22
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| Whats on most coin wrappers pennies or cents? |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 12/14/2009 : 14:26:26
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All the coin wrappers I have gotten say 'PENNIES'
Some of my older wrappers from the 50-60's say cents |
Robber Baron= Robarons |
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hobo finds
Penny Hoarding Member
838 Posts |
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pennyondime95
New Member
USA
15 Posts |
Posted - 12/14/2009 : 14:45:01
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It's a PENNY most people in USA called it PENNY not ONE CENT. For the Next New Generation maybe they will called it ONE CENT but It's look like they are going to eleminate the ONE CENT before they use to call it ONE CENT...:)
You must be logged in to see this link. |
edwinrd117 |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 12/14/2009 : 15:09:57
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Are they "wheat pennies" or "wheat cents"... the natural term is wheat pennies.
but in a roll of pennies there are 50 cents.
A nickel says "five cents" on it, so are pennies and nickels the same thing? |
"May your percentages ever increase!" |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 12/14/2009 : 15:12:02
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Either way, by either name, the penny/cent is bygone.
Either by us sorting it out, by government finally legislating it into history or by government inflating it into oblivion, the cent is 'going, going, gone!" |
"May your percentages ever increase!" |
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 12/14/2009 : 16:18:27
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| Very interesting thread. Before the three-cent was introduced the small cent was called a "Nick" to distinguish it from the "penny" large cent. Then the 3c was called a "nickel" to distinguish from the 3-cent silver "trime", and the small cent came to be called a penny, esp after the change to bronze in 1864. When the half dime was retired, the term "nickel" finally rested on the five cent piece. I tend to think of it this way: a penny is worth one cent, a nickel is worth five cents, a dime worth ten cents, and a quarter worth 25 cents. |
Edited by - Zyll on 12/14/2009 16:22:49 |
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copperhead57
Penny Collector Member
USA
255 Posts |
Posted - 12/14/2009 : 16:29:19
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| Since ONE CENT is spelled out on the coin, I consider it to be a CENT. |
copperhead57 |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 12/14/2009 : 16:59:36
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| If my daughter found one on the gound, and bent over to pick it up, and said " I found a cent" , I would ask her if she was a bloodhound. |
You don't have to be the BEST you just have to be.......SLICK
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 12/14/2009 : 17:25:14
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Officially, it's been a cent since 1793. Up to that point, British money was the most widely circulating coinage in the colonies/states.
The US cent was made to roughly equate to the British penny everyone already had in their pockets -- apparently the mint officials thought their new US coinage needed to be familiar, similar in size and approximate worth to what people were already using. So a cent would buy what a penny had bought.
I think it's very interesting that 216 years later, we still call our coins by the names of their British predecessors/counterparts. The early mint officials probably never imagined that they should have created some sort of public awareness campaign in order to train our ancestors to use the right terminology. And now two centuries later, there is absolutely no chance to change it.
In actual usage, just last week:
Can I buy some rolls of cents?
You mean pennies?
Yes, please.
Sure.
Thank you. |
Come to the new and improved realcent: http://realcent.org
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sheba
Penny Pincher Member
USA
191 Posts |
Posted - 12/14/2009 : 21:13:33
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My personal feeling is .... if its an IHC, a 'Wheatie' or a 'copper Lincoln', I don't think, IMHO, that it matters whether its called a 'cent', a 'penny', a 'Lincoln', a 'copper', or whatever 
I'll take all the 'Indian Head' pennies/cents I can find ... and anyone can call them anything they want except "that's mine"
Seriously, this is another very informative post. Thanks for the information, all.
sheba |
woof ... wag ... whine |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 12/15/2009 : 15:46:49
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Yes, It is a cent, but when you go to the bank ask for a roll of "cents," the clerks mind will not understand it.
When your total is $1.01 and the clerk asks if you have a penny, tell him, "No, but I have a cent."
Cent may be official, but Americans don't know it.
When I write I do my best to call it a cent, but when I ask for coins I ask for pennys. One big goal is to get what I need without being noticed and being labeled a problem. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
Edited by - Cody8404 on 12/15/2009 15:48:39 |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 12/15/2009 : 16:10:16
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quote:
Originally posted by slickeast
As I sit here, and look at a Brinks box, it has $25 PENNIES on the side.
When you go in a bank what do you ask for?
Does anyone here actually ask for cents when they are ordering?
I see your point but here's the converse, you have an item that costs $1.25
You say please give me a dollar and twenty five pennies?
Here's your change 10 cents or 10 pennies.
The coin is a penny; the cent probably came from 1 percent of a dollar or something. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 12/15/2009 : 16:14:16
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Never thought of this until now but these are the terms I use-
Large Cents- all I call cents
Flying Eagle cent
Indian Head cent
Lincoln cent
"Could I have a box of pennies, please."
When I go to the bank I ask for PENNIES but when I talk about numismatics I always term them Cents. |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
Edited by - jtm3 on 12/15/2009 16:15:53 |
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bman
Penny Collector Member
USA
425 Posts |
Posted - 12/15/2009 : 16:56:40
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I use both.....it's like asking:
car or automobile?
soda or pop?
stone or rock?
use which ever you like, it's not worth bent out of shape over like some people do. |
check out my coins for sale on ecrater : http://bmanscoinsforsale.ecrater.com/ |
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 12/15/2009 : 17:26:25
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Okay looking at the Coinage Act of 1792...
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"Sec.9. And it be further enacted, That there shall be from time to time struck and coined at the said mint, coins of gold, silver, and copper, of the following denominations, values, and descriptions, viz.:"
"CENTS--each to be of the value of the one hundredth part of a dollar, and to contain eleven pennyweights of copper."
From the Coinage Act of 1864:
"Be it enacted, etc., That, from and after the passage of this act, the standard weight of the cent coined at the mint of the United States shall be forty-eight grains, or one-tenth of one ounce troy; and said cent shall be composed of ninety-five per centum copper, and five per centum of tin and zinc, in such proportions as shall be determined by the Director of the Mint;"
So officially, the small cent is undoubtedly named a CENT, and it just so happens to be valued at one per centum of a dollar.
1. Interesting tidbit, the 1864 cent was only legal tender to the amount of ten cents, and the two-cent piece to the amount of twenty cents.
2. There are 24 grains in a pennyweight, so the 1864 small cent's weight equals two pennies. (48 grains = 3.11034768 grams)
3. A centimeter is 1/100th of a meter, maybe the correct term for a penny is a "centidollar"? 
I like the discussion of official title versus vernacular usage; it illustrates the difference between the name of a coin and its value. When the change is seven cents, that doesn't specify what coins were received. If the change is a nickel and two pennies, you know what coin(s) were received. A dollar is divided into 100 cents, but most often into four quarters.
quote:
Originally posted by JobIII
I see your point but here's the converse, you have an item that costs $1.25
You say please give me a dollar and twenty five pennies?
Here's your change 10 cents or 10 pennies.
The coin is a penny; the cent probably came from 1 percent of a dollar or something.
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fasteddy
Penny Collector Member
USA
298 Posts |
 Posted - 12/15/2009 : 18:49:23
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Agreed this thread has been most interesting collection of ideas and thoughts however my question to yall is which spelling is correct....
PENNY or PENNIE
I personnally think it is a PENNIE worth one cent! unless it is a copper pennie which is worth two cents....soon maybe three cents or even four or more.
My friend's name is Penny but she goes by Corky...figure that one.
eddy |
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Topic |
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Is it a penny or a cent?
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