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It's a matter of terminology. There's actually no US (or former Canadian) coin called a "penny"; the official name is "cent". However when the coins were first made in the 18th and 19th centuries they were large, about the same size as British one-penny coins. Because many people were familiar with the old British pennies, they continued to call the new 1-cent coins "pennies" as a slang term, and it's stuck ever since.

It's the same way we talk about "dialing" a telephone even though rotary-dial telephones haven't been in common use since the 1970s.

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Wiki User

8y ago
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14y ago
  • It was black
  • It cost a penny

It was quickly replaced with the Penny Red.

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Wiki User

12y ago

looks like one

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Q: Why is a penny worth 1 cent?
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