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Penny

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A penny is a small unit of money used in many countries. It is usually the smallest coin in a currency system. In the United Kingdom, the penny is the formal name for the coin. In the United States, people often call the one-cent coin a penny. Even though it is small, the penny has a very long history.

Medieval coin, Penny of Henry V -VI (FindID 505636)
Medieval coin, Penny of Henry V -VI (FindID 505636)

It has changed many times over the centuries.

In the past, pennies were often made of precious silver. The Carolingian penny was a silver coin that weighed about 2 grams. These coins were part of a system used across Europe. For a long time, kings used silver to make their money. However, the cost of silver changed how coins were made. During the Napoleonic Wars, the British government began using base metals instead. In 1797, Matthew Boulton was authorized to mint copper pennies in Birmingham.

Medieval coin, Penny of Henry V -VI (FindID 505636)
Medieval coin, Penny of Henry V -VI (FindID 505636)

Later, in 1860, the British switched to bronze coins.

Many different leaders helped shape the history of the penny. King Offa of Mercia introduced Carolingian-style pennies to England around the year 757. His queen, Cynethryth, also minted coins with her own name on them. In the United States, the one-cent coin has a very famous face. Abraham Lincoln was the first historical person to appear on a U.S. coin. This happened to celebrate his 100th birthday. The U.S. penny was last made for daily use on November 12, 2025.

Medieval coin, Penny of Henry V -VI (FindID 505636)
Medieval coin, Penny of Henry V -VI (FindID 505636)

Different parts of the world had unique experiences with these coins. In South Africa, early British pennies were very large and heavy. People called them "Cartwheel pennies" because of their size. Some people even called them "the Devil's Penny" because of the design. In Canada, the penny was used for a long time. However, Canada stopped making pennies in 2012. They stopped using them in daily life in 2013.

Medieval coin, Penny of Henry V -VI (FindID 505636)
Medieval coin, Penny of Henry V -VI (FindID 505636)

Today, the use of the penny is changing around the world. Some people find it hard to count very small coins. In some cases, the metal in the coin is worth more than the coin itself. Because of this, some nations have stopped making them. In the United Kingdom, pennies are now made of copper-plated steel. This makes the coins magnetic. Even with these changes, the penny remains an important part of how people trade and shop.

Medieval coin, Penny of Henry V -VI (FindID 505636)
Medieval coin, Penny of Henry V -VI (FindID 505636)
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