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Cent = United States of America & Penny = British/Other Countries

keyman64keyman64 Posts: 15,650 ✭✭✭✭✭
Do people not know the difference?
A Penny is British/other countries.

The United States has "CENTS". They really are not interchangeable. Feel free to chime in and let me know if I am wrong...or to properly educate me....and possibly others. Thanks!

Greg
"If it's not fun, it's not worth it." - KeyMan64
Not really looking for much these days but if I were, it might be a toner. :smile:

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    notwilightnotwilight Posts: 12,864 ✭✭✭
    When you were a child...did potty training go ok?
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    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭


    << <i>When you were a child...did potty training go ok? >>



    Odd question for a forum like this, but yes. I do not recall the process as I was much more intelligent than most and out of diapers very quickly. Thanks for asking. I hope it went well for you but due to your question I guess it did not. I'm sorry. image
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
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    RTSRTS Posts: 1,408
    Do people not know the difference?

    A rose by any other name would smell as sweet (Romeo and Juliet)...

    image
    image
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    Although factually incorrect, for all practical purposes they're completely interchangable. If people start to refer to a dollar bill as a quid, then I'd start to be bothered.
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    ManorcourtmanManorcourtman Posts: 8,412 ✭✭✭✭✭
    No problem calling it a penny imho. The hobby has bigger problems to fret about. 99% of the US population calls it a penny for pete's sake!!
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    renomedphysrenomedphys Posts: 3,941 ✭✭✭✭✭
    I wonder what the Penny Lady has to say. Charmy?
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    dohdoh Posts: 6,457 ✭✭✭
    I agree that it's pretty much interchangable now...but I still have fun correcting people who say "penny." image
    Positive BST transactions with: too many names to list! 36 at last count.
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    BochimanBochiman Posts: 25,790 ✭✭✭✭✭
    Absolutely I know the difference and absolutely I don't care which wording I, or others, use for it.
    I don't get into purism unless there is a critical reason for it (say, the medical or engineering fields where precision is paramount).

    To get into a frenzy about something like penny/cent is anal, imho, and something I will let others do but that I will continue to not care about.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

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    PerryHallPerryHall Posts: 47,534 ✭✭✭✭✭
    Sort of like calling a gun magazine a clip. It's wrong but a lot of ignorant people do it.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭
    I just thought people in the realm of numismatics would be a little more particular. Values of coins can be very different based on the smallest of details. I would think that if a coin says "CENT", quite a large detail in my opinion, then people that participate in the hobby would be the last ones to miss that detail. Maybe PCGS will just start to label their holders with the word penny? Would that be okay? If I had a classified ad in the back of coin world for many different no mint mark Large Cents from the mid 1800s but called them Pennies, listed the dates, approx raw grades, listed a price that seemed VERY VERY CHEAP, had a few buyers.....then sent them British Pennies, do you think that would be a problem? I know this is "An out there like Pluto" hypothetical but would you all of a sudden start to care about the details?

    I take pride in what I collect and am careful to be correct as often as possible. I am just a bit surprised there do not seem to be more people with the same thought process. When someone can be so particular about a variety that requires almost a 20x loop to notice, it surprises me that some will overlook the obvious word "CENT" on the coin.
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
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    lkeigwinlkeigwin Posts: 16,895 ✭✭✭✭✭
    We've had this discussion more than once.

    Sometimes being correct is not always the best course. Just let it go. You're not going to change anything and most folks will think you're a smarty pants (no reference to potty training intended).
    Lance.
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    bidaskbidask Posts: 14,057 ✭✭✭✭✭
    They both circulated in america ......yes?
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




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    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭


    << <i>We've had this discussion more than once.

    Sometimes being correct is not always the best course. Just let it go. You're not going to change anything and most folks will think you're a smarty pants (no reference to potty training intended).
    Lance. >>



    Thanks Lance. I'm new and have only been on here since May and I have never seen the topic raised so that is why I brought the topic up. I will go look for other threads. I am not sure it is something for me to "Just let go". I have no deep desire to push knowledge onto others. I will just know that I am correct and some others look ignorant. If by "Let it go", you mean not to push the issue, not bring up new threads on this topic every few months and not point out the ignorance of others consistently etc....then I do not see a real danger in that. I just figured I would bring the topic up ONCE which I believe there was no harm in doing. Maybe you can suggest I "Let it Go" if I bring the topic up more than once. Fair enough?

    Sorry if this topic caused people to get their panties in a wad, cause nausea, vomiting, indigestion, etc. Some old-timers on the forums clearly have issues with certain topics and can be quite sensitive. There was no intent on my part to bother people with a topic. No more new threads for me today. Holey Cow!
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
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    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭


    << <i>They both circulated in america ......yes? >>



    Some did. I understand that to be correct.

    BUT, if a person posts saying ...check out my exciting 1825 Penny then posts a photo of a Large Cent....that is clearly slabbed by PCGS and the label from PCGS says CENT....then why, why, why would someone call it a penny? Very strange to me.
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
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    RTSRTS Posts: 1,408
    I will just know that I am correct and some others look ignorant.

    Ignorance is bliss...

    image
    image
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    pmacpmac Posts: 3,189 ✭✭✭
    As a practical observation, I assume the derivation of "cent" comes from "percent", as in 100 percent. A cent is 1/100 of a dollar, i.e. 1%. The penny comes from English coinage and has a no rhyme or reason relationship with a pound (old English money system). They have since gone to a decimal system similar to the US system. This is IMHO without research.
    Paul
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    EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    I'm glad we got away from calling them "Ha' Pennies"
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
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    droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>The penny comes from English coinage and has a no rhyme or reason relationship with a pound (old English money system). >>



    Actually, yes it did.

    12 pence = 1 shilling
    20 shillings = 1 pound

    Ahhh, for the days of LSD!
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
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    botanistbotanist Posts: 524 ✭✭✭
    Keyman64 reintroduced a fascinating topic, thanks. There are many ways of looking at this, including numismatically, linguistically, historically, and lexically. In common parlance in US English the terms cent and penny are interchangeable, but both are gradually receding from the lexicon due to the devaluation of that unit of currency. Saying a "penny for your thoughts" or giving someone "my two cents" is already becoming archaic. Linguistically, the word penny is a cognate of the German pfennig, and is not related to the Latin prefix cent for hundred or one-hundredth as in centavo or cent. Historically the British penny was one-two-hundred-fortieth of a pound, but in recent years it has been changed to a hundredth. Numismatically, they are technically different, as argued by Keyman64, however numismatists often revert to common parlance, and we should not demand purism.
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    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭
    Thank you, Botanist! That is more along the lines of the "discussion" I was hoping to have with others. Very informative. Your input is much appreciated. Bless you for being a very good example to others on the message boards, including myself.

    image

    Greg
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
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    savoyspecialsavoyspecial Posts: 7,365 ✭✭✭✭
    i have observed the following to be the normal evolution one makes in this hobby:


    a babe in the woods; fresh faced and new to the hobby: you will use the word 'cent' and 'penny' as interchangeable terms, sometimes being corrected by hobby veterans

    some time under your belt: mindful of this you now only use the correct term 'cent' and even begin to correct others while trading Lincolns

    more experienced: you discover the world of Large Cents and now your hobby advancement is complete (and oh yeah, it's fine to go back to calling them 'pennies' again)

    www.brunkauctions.com

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    ajaanajaan Posts: 17,936 ✭✭✭✭✭
    If a British coin is a penny, then why is it written 1d?

    BTW, in Canada it's also a Cent.

    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
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    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭


    << <i>If a British coin is a penny, then why is it written 1d?

    BTW, in Canada it's also a Cent. >>



    d is the symbol used for the penny which came from pence which derived from the Latin denarius in the Middle Ages. A denarius is also known as a roman silver coin.
    s is the symbol used for shilling derived from the Latin solidus in the Middle Ages.
    The '£' sign developed from the 'l' for libra.

    I found this web page very useful in explaining some of the origins: Link

    Greg
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
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    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭


    << <i>i have observed the following to be the normal evolution one makes in this hobby:


    a babe in the woods; fresh faced and new to the hobby: you will use the word 'cent' and 'penny' as interchangeable terms, sometimes being corrected by hobby veterans

    some time under your belt: mindful of this you now only use the correct term 'cent' and even begin to correct others while trading Lincolns

    more experienced: you discover the world of Large Cents and now your hobby advancement is complete (and oh yeah, it's fine to go back to calling them 'pennies' again) >>



    And we come full circle. Funny with a lot of truth. Nice synopsis.

    Greg
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
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    MsMorrisineMsMorrisine Posts: 39,478 ✭✭✭✭✭
    Let the Law stir the pot

    United States money is expressed in dollars, dimes or tenths, cents or hundreths,[1] and mills or thousandths. A dime is a tenth of a dollar, a cent is a hundredth of a dollar, and a mill is a thousandth of a dollar.

    --------------------------------------------------------------------------------

    [1] So in original. Probably should be “hundredths,”.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    19Lyds19Lyds Posts: 26,503 ✭✭✭✭
    Cent or Penny are both commonly acceptable words to indicate 1/100th of a dollar. As such, regardless of the technical definitions, both are correct.

    Kinda like the difference between New-klee-ar and New-Cue-lar. Both are "acceptable" pronunciations of the word nuclear. No amount of quibbling or arguments will ever change it.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
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    droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>Both are "acceptable" pronunciations of the word nuclear. >>



    Not in my house, they're not.
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
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    MsMorrisineMsMorrisine Posts: 39,478 ✭✭✭✭✭


    << <i>

    << <i>Both are "acceptable" pronunciations of the word nuclear. >>



    Not in my house, they're not. >>




    nor mine. no extra "U" sound is written in.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    19Lyds19Lyds Posts: 26,503 ✭✭✭✭
    Language is constantly changing and while bucking the change can make you feel good or smart or whatever, it changes nothing.

    The terms cent and penny have been interchangeable for the past 200 years. Correct or incorrect, it's acceptable.

    Remember Penny Loafers? How about the "Penny Arcade"? Maybe "Penny Stocks"? What about "Penny Ante Poker"?
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
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    EdscoinEdscoin Posts: 2,028 ✭✭✭
    I have a book around here somewhere by Shelton titled Cent Whimsy. No wait I think it's Penny Whimsy.image
    ED
    .....................................................
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    A Penny for your Thoughts...?

    I find myself using Penny in singular and Cents if in Multiple...

    i.e.

    I have one Penny...

    I have eight Cents...

    To each there own...

    My Ebay Auctions

    Currently Listed: Nothing

    Take Care, Dave
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    astroratastrorat Posts: 9,221 ✭✭✭✭✭
    Well if it makes you feel any better, the US Mint now calls cents, "pennies."

    Is there an issue with people calling five cent pieces, "nickels?" The US Mint has never produced a nickel denomination.

    How about paper notes being called "currency?" All current media of exchange are currency, not just our Federal Reserve Notes.

    It's sort of like in my general line of work ... people often talk about the "pills" they take even though their dosage form may be a tablet or capsule. If any of my students refer to "pills" as a general term for oral dosage forms then I correct them. With the general population it's not really relevant and guess what...they don't care. The same goes for the penny.

    Enjoy the hobby and don't sweat the small stuff. Have fun and start collecting those old big pennies...oops, I mean early coppers...dang, sorry, I really meant large cents.

    Lane

    P.S. Good topic and keep contributing!
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    the fact that any bank i go to, to buy $25.00 in "cents" the boxes all say in big red letters PENNIES . Thus I think pennies are a legit term for the coin. And the fact that every penny ive looked at all say CENT on them thats an ok term too. So yeah Penny or Cent they are interchangeable.
    Founder of the NDCCA. *WAM Count : 025. *NDCCA Database Count : 2,610. *You suck 6/24/10. <3 In memory of Tiggar 5/21/1994 - 5/28/2010 <3
    image
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    <<<< The penny comes from English coinage and has a no rhyme or reason relationship with a pound (old English money system). >>



    Actually, yes it did.

    12 pence = 1 shilling
    20 shillings = 1 pound

    Ahhh, for the days of LSD! >>

    Consider a troy pound (weight)
    20 pennyweight = 1 ounce
    12 ounces = 1 pound = 240 pennyweight. Sound familier? The pound sterling was originally one pound (or 240) of silver pennies.

    Note the penny is a coin and the plural is pennies.
    The plural of a sum of money is pence. You could exchange 3 copper pennies for a three pence coin in the old days.

    EDIT: OH my gosh. I had the numbers backwards in the weight chart. And nobody noticed, not even Lee!

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    19Lyds19Lyds Posts: 26,503 ✭✭✭✭


    << <i><<<< The penny comes from English coinage and has a no rhyme or reason relationship with a pound (old English money system). >>



    Actually, yes it did.

    12 pence = 1 shilling
    20 shillings = 1 pound

    Ahhh, for the days of LSD! >>

    Consider a troy pound (weeight)
    12 pennyweight = 1 ounce
    20 ounces = 1 pound = 240 pennyweight. Sound familier? The pound sterling was originally one pound (or 240) of silver pennies.

    Note the penny is a coin and the plural is pennies.
    The plural of a sum of money is pence. You could exchange 3 copper pennies for a three pence coin in the old days. >>

    My God Herb! You're older than I thought! image
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
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    <<My God Herb! You're older than I thought!>>

    And it used to take 4 of those large half dollar size pennies to make a pay phone call in London. You might need a large lorry to collect all that change.
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    Sometimes being correct is not always the best course. Just let it go. You're not going to change anything and most folks will think you're a smarty pants (no reference to potty training intended).
    Lance. >>



    Thanks Lance. I'm new and have only been on here since May and I have never seen the topic raised so that is why I brought the topic up. I will go look for other threads. I am not sure it is something for me to "Just let go". I have no deep desire to push knowledge onto others. I will just know that I am correct and some others look ignorant. If by "Let it go", you mean not to push the issue, not bring up new threads on this topic every few months and not point out the ignorance of others consistently etc....then I do not see a real danger in that. I just figured I would bring the topic up ONCE which I believe there was no harm in doing. Maybe you can suggest I "Let it Go" if I bring the topic up more than once. Fair enough?

    Sorry if this topic caused people to get their panties in a wad, cause nausea, vomiting, indigestion, etc. Some old-timers on the forums clearly have issues with certain topics and can be quite sensitive. There was no intent on my part to bother people with a topic. No more new threads for me today. Holey Cow! >>


    The purpose of language is to communicate. If I say I found a wheat penny in some change today, you would understand what I am saying. So I have communicated effectively. Language is fluid and is always changing, there is no right or wrong as long as the communication is understood.
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    GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    A lot of cents come in rolls that say "Pennies" on the wrapper.

    image
    Ed
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    Ah yes... another tempest in a teapot.... Cheers, RickO

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