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Pence
A penny is a coin ( pennies) or a unit of currency (pl. pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. Presently, it is the formal name of the British penny ( p) and the ''de facto'' name of the American one-cent coin (abbr. ¢) as well as the informal Irish designation of the 1 cent euro coin (abbr. c). It is the informal name of the cent unit of account in Canada, although one-cent coins are no longer minted there. The name is used in reference to various historical currencies, also derived from the Carolingian system, such as the French denier and the German pfennig. It may also be informally used to refer to any similar smallest-denomination coin, such as the euro cent or Chinese fen. The Carolingian penny was originally a 0.940-fine silver coin, weighing pound. It was adopted by Offa of Mercia and other English kings and remained ...
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Penny (British Decimal Coin)
The United Kingdom, British decimal one penny (1p) coin is a unit of currency and denomination of Coins of the United Kingdom, sterling coinage worth one-hundredth of one Pound sterling, pound. Its Obverse and reverse, obverse has featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the day British currency was Decimal Day, decimalised. Four different portraits of the Queen have been used on the obverse; the latest design by Jody Clark was introduced in 2015. The second and current reverse, designed by Matthew Dent (designer), Matthew Dent, features a segment of the Royal coat of arms of the United Kingdom, Royal Shield and was introduced in 2008. The penny is the lowest value coin (in Real versus nominal value (economics), real terms) ever to circulate in the United Kingdom. The penny was originally minted from bronze, but since 1992 has been minted in Electroplating, copper-plated steel due to increasing copper prices. There are an est ...
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Farthing (British Coin)
The British farthing (from Old English fēorðing, from fēorða, a fourth) abbreviated ''qua.'' (L. ''quadrans''), was a denomination of sterling coinage worth of one pound, of one shilling, or of one penny; initially minted in copper and then in bronze, which replaced the earlier English farthings. Before Decimal Day in 1971, Britain used the Carolingian monetary system, wherein the largest unit was a pound sterling of 20 shillings, each of 12 pence. Each penny was divided into 4 farthings, thus, a pound sterling contained 960 farthings, and a shilling contained 48 farthings. From 1860 to 1971, the purchasing power of a farthing ranged between 12p and 0.2p in 2017 values. The farthing coin was legal tender during the reigns of eleven British monarchs: George I, George II, and George III, George IV, William IV, and Victoria, Edward VII and George V, Edward VIII, George VI, and Elizabeth II. In Britain and Northern Ireland the farthing coin ceased to be legal tender on ...
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Penny (British Pre-decimal Coin)
The British pre-decimal penny was a denomination of sterling coinage worth of one pound or of one shilling. Its symbol was ''d'', from the Roman denarius. It was a continuation of the earlier English penny, and in Scotland it had the same monetary value as one pre-1707 Scottish shilling. The penny was originally minted in silver, but from the late 18th century it was minted in copper, and then after 1860 in bronze. The plural of "penny" is "pence" when referring to an amount of money, and "pennies" when referring to a number of coins. Thus 8''d'' is eight pence, but "eight pennies" means specifically eight individual penny coins. Before Decimal Day in 1971, sterling used the Carolingian monetary system (£sd), under which the largest unit was a pound (£) divisible into 20 shillings (s), each of 12 pence (d). The penny was withdrawn in 1971 due to decimalisation, and replaced (in effect) by the decimal half new penny, with p being worth 1.2''d''. History The kingdoms o ...
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Coin
A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. ''Obverse'' and its opposite, ''reverse'', refer to the two flat faces of coins and medals. In this usage, ''obverse'' means the front face of the object and ''reverse'' means the back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. Coins are usually made of metal or an alloy, or sometimes of man-made materials. They are usually disc shaped. Coins, made of valuable metal, are stored in large quantities as bullion coins. Other coins are used as money in everyday transactions, circulating alongside banknotes. Usually the highest va ...
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Pfennig
The 'pfennig' (; . 'pfennigs' or ; symbol pf or ₰) or penny is a former German coin or note, which was the official currency from the 9th century until the introduction of the euro in 2002. While a valuable coin during the Middle Ages, it lost its value through the years and was the minor coin of the Mark currencies in the German Reich, West and East Germany, and the reunified Germany until the introduction of the euro. Pfennig was also the name of the subunit of the Danzig mark (1922–1923) and the Danzig gulden (1923–1939) in the Free City of Danzig (modern Gdańsk, Poland). Overview Name The word ''Pfennig'' (replacing the ''denarius'' or ''denarius'' as a low-denomination silver coin) can be traced back to the 8th century and also became known as the ''Penning'', ''Panni(n)g '', ''Pfenni(n)c'', ''Pfending'' and by other names, e.g. in Prussia until 1873, ''Pfenning''. The ''-ing''- or ''-inc'' suffix was used, in addition to ''-ung'', the formation of affil ...
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Napoleonic Wars
The Napoleonic Wars (1803–1815) were a series of major global conflicts pitting the French Empire and its allies, led by Napoleon I, against a fluctuating array of European states formed into various coalitions. It produced a period of French domination over most of continental Europe. The wars stemmed from the unresolved disputes associated with the French Revolution and the French Revolutionary Wars consisting of the War of the First Coalition (1792–1797) and the War of the Second Coalition (1798–1802). The Napoleonic Wars are often described as five conflicts, each termed after the coalition that fought Napoleon: the Third Coalition (1803–1806), the Fourth (1806–1807), the Fifth (1809), the Sixth (1813–1814), and the Seventh (1815) plus the Peninsular War (1807–1814) and the French invasion of Russia (1812). Napoleon, upon ascending to First Consul of France in 1799, had inherited a republic in chaos; he subsequently created a state with stable financ ...
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Pound (mass)
The pound or pound-mass is a unit of mass used in British imperial and United States customary systems of measurement. Various definitions have been used; the most common today is the international avoirdupois pound, which is legally defined as exactly , and which is divided into 16 avoirdupois ounces. The international standard symbol for the avoirdupois pound is lb; an alternative symbol is lbm (for most pound definitions), # ( chiefly in the U.S.), and or ″̶ (specifically for the apothecaries' pound). The unit is descended from the Roman (hence the abbreviation "lb"). The English word ''pound'' is cognate with, among others, German , Dutch , and Swedish . These units are historic and are no longer used (replaced by the metric system). Usage of the unqualified term ''pound'' reflects the historical conflation of mass and weight. This accounts for the modern distinguishing terms ''pound-mass'' and '' pound-force''. Etymology The word 'pound' and its cognates ultim ...
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Denier (coin)
The denier ( la, denarius; . d.) or penny was a medieval coin which takes its name from the Frankish coin first issued in the late seventh century; in English it is sometimes referred to as a silver penny. Its appearance represents the end of gold coinage, which, at the start of Frankish rule, had either been Roman (Byzantine) or "pseudo-imperial" (minted by the Franks in imitation of Byzantine coinage). Silver would be the basis for Frankish coinage from then on. The ''denier'' was minted in France and parts of the Italian peninsula for the whole of the Middle Ages, in states such as the patriarchate of Aquileia, the Kingdom of Sicily, the Republic of Genoa, the Republic of Siena, and the crusader state Kingdom of Jerusalem, among others. History Coin Around AD 755, amid the Carolingian Reforms, Pepin the Short introduced a new currency system which was eventually adjusted so that 12 pence ( la, denarii; french: deniers) equaled one ''shilling'' ('; ' or ') and 20 shi ...
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Mill (currency)
The mill (American English) or mil (Commonwealth English, except Canada) is a unit of currency (sometimes symbolized as ₥), used in several countries as one-thousandth of the base unit. In the United States, it is a notional unit equivalent to a thousandth of a United States dollar (a hundredth of a dime or a tenth of a cent). In the United Kingdom, it was proposed during the decades of discussion on decimalisation as a division of sterling's pound. While this system was never adopted in the United Kingdom, the currencies of some British or formerly British territories did adopt it, such as the Palestine pound and the Maltese lira. The term comes from the Latin "millesimum", meaning "thousandth part". Usage United States In the United States, the term was first used by the Continental Congress in 1786, being described as the "lowest money of account, of which 1000 shall be equal to the federal dollar". The Coinage Act of 1792 describes milles and other subdivisions of th ...
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Old English
Old English (, ), or Anglo-Saxon, is the earliest recorded form of the English language, spoken in England and southern and eastern Scotland in the early Middle Ages. It was brought to Great Britain by Anglo-Saxon settlement of Britain, Anglo-Saxon settlers in the mid-5th century, and the first Old English literature, Old English literary works date from the mid-7th century. After the Norman conquest of 1066, English was replaced, for a time, by Anglo-Norman language, Anglo-Norman (a langues d'oïl, relative of French) as the language of the upper classes. This is regarded as marking the end of the Old English era, since during this period the English language was heavily influenced by Anglo-Norman, developing into a phase known now as Middle English in England and Early Scots in Scotland. Old English developed from a set of Anglo-Frisian languages, Anglo-Frisian or Ingvaeonic dialects originally spoken by Germanic peoples, Germanic tribes traditionally known as the Angles, Sa ...
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Penny (United States Coin)
The cent, the United States one-cent coin (symbol: ¢), often called the "penny", is a unit of currency equaling one one-hundredth of a United States 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 first U.S. cent was produced in 1787, and the cent has been issued primarily as a copper or copper-plated coin throughout its history. The penny is issued in its current form as the Lincoln cent, with its obverse featuring the profile of President Abraham Lincoln since 1909, the centennial of his birth. From 1959 (the sesquicentennial of Lincoln's birth) to 2008, the reverse featured the Lincoln Memorial. Four different reverse designs in 2009 honored Lincoln's 200th birthday and a new, "permanent" reverse – the Union Shield – was introduced in 2010. The coin is ...
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French Denier
The denier ( la, denarius; . d.) or penny was a medieval coin which takes its name from the Frankish coin first issued in the late seventh century; in English it is sometimes referred to as a silver penny. Its appearance represents the end of gold coinage, which, at the start of Frankish rule, had either been Roman (Byzantine) or "pseudo-imperial" (minted by the Franks in imitation of Byzantine coinage). Silver would be the basis for Frankish coinage from then on. The ''denier'' was minted in France and parts of the Italian peninsula for the whole of the Middle Ages, in states such as the patriarchate of Aquileia, the Kingdom of Sicily, the Republic of Genoa, the Republic of Siena, and the crusader state Kingdom of Jerusalem, among others. History Coin Around AD 755, amid the Carolingian Reforms, Pepin the Short introduced a new currency system which was eventually adjusted so that 12 pence ( la, denarii; french: deniers) equaled one '' shilling'' ('; ' or ') and 20 ...
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