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Why is a penny called a cent?

Topics: Business & FinanceMoney


Linda Romans

The U.S. Mint's official name for a penny is "cent". The US one-cent coin is a unit of currency equaling one one-hundredth of a US dollar. It's obverse has featured the profile of President Abraham Lincoln since 1909, the centennial of his birth.

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Why is a penny called a cent?

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