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Encyclopedia > Cents
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A two cent euro coin

In currency, the cent is a monetary unit that equals 1 / 100th of the basic unit of value. It also refers to the coin which is worth one cent. In the US and Canada, a common nickame of the 1 coin is penny, plural pennies. (In the UK and pre-euro Ireland, the name of the 1p coin is also penny, pl. pence.)


Etymologically, the word cent derives from the Latin word centum which means hundred. Mints all over the world usually create coins with values ranging from 1 / 100th to 100 / 100th of the monetary unit, while reserving bills for higher values. However, coins with a 200 / 100th or 500 / 100th value are not uncommon, especially in cases of commemorative coinage.


Cent amounts between 1 and 99 cents are usually indicated by the the one or two digits followed by a lower-case letter c (1c, 2c), or by a cent sign which is usually pierced top to bottom by a forward slash or a vertical line: (e.g., 1, 2).


Other monetary unit subdivision systems are possible, such as the old pound sterling, which until decimalisation in 1970 was subdivided into 1 / 20ths (shillings - s) and 1 / 240ths (old pence - d).


Examples of currencies around the world featuring cents are:

Examples of currencies which do not feature cents



  Results from FactBites:
 
Encyclopedia4U - United States one cent coin - Encyclopedia Article (237 words)
The United States one cent coin, commonly called a penny, is a unit of currency equaling one 1/100 of a United States dollar.
Its current design features the profile of President Abraham Lincoln on the obverse and the Lincoln Memorial on the reverse.
In 1943, during the Second World War, they were made of steel (for a short time) plated with zinc to resist rust.
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