A debate exists within the United States government, and American society at large, over whether the one-cent coin, commonly known as the penny, should be eliminated as a unit of currency in the United States. Two bills introduced in the U.S. Congress would have ceased production of pennies, but neither bill was approved. Such a bill would leave the nickel, at five cents, as the lowest-value coin.

Contents

• 1 Legislation
• 2 Arguments for elimination
• 3 Arguments for preservation
• 4 Other options
• 5 Precedents in other countries
• 6 Laws regarding melting and export
• 7 References
• 8 External links

Noun

penny (plural pennies when referring to individual coins; (UK) pence when referring to an amount of money)

1. (historical) In the United Kingdom and Ireland, a copper coin worth 1/240 of a pound sterling or Irish pound before decimalisation. Abbreviation: d.
2. In the United Kingdom, a copper coin worth 1/100 of a pound sterling.
3. (historical) In Ireland, a coin worth 1/100 of an Irish pound before the introduction of the euro. Abbreviation: p.
4. In the US and Canada, a one-cent coin, worth 1/100 of a dollar. Abbreviation: ¢.
5. In various countries, a small denomination copper or brass coin.
6. A unit of nail size, said to be either the cost per 100 nails, or the number of nails per penny. Abbreviation: d.

Synonyms

• (1/240 of a pound sterling): old penny
• (1/100 of a pound sterling): new penny (old-fashioned)
• (one-cent coin): cent

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British Half Penny Information (Decimal Half Penny, Coin ...
Includes Pence, Pounds, Coins of the United Kingdom, Threepence, Penny ... more related topics on Pennypoor ... Penny; Penny Debate In the United States; Penny poor; Penny s
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• Asia (23)
• Europe (58)
• North America (84)
• Oceania (0)

See also:

• Shopping: Antiques and Collectibles: Coins: World Coins (234)

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• Uruguay Coins - Monedas de Uruguay
  fing.edu.uy
  Provides images of Uruguay coins and some historical perspective. In Spanish and English.
• British Coins of quality. The Art of Coins
  petitioncrown.com
  Academic, British and English hammered and milled coinage, high quality photos, world and British rarities.
• Monetastic Network
  monetastic.com
  Meeting and information center for coin and banknote collectors.