"Who wants a penny?"

YouTube: Pennies are not even worth what they’re worth. So why do we still make them?
Lawrence_Chardsays...

I was surprised to hear John Oliver discussing the "Get Rid of the Penny" topic in the USA, not because the subject is uninteresting, but because he failed to point out the glaring anachronism that Americans still call their one cent coin a "penny".

Do they not realise that they started a revolution in 1765, declared independence in 1776, and started making one cent coins in 1793?

Why do they still call cents pennies? After more than 200 years, I would have thought that even the most parochial or remote American would have heard the news.

The Canadians aren't much better. The penny finally dropped there in 2012, when they stopped minting one cent coins. The first Canadian one cent coin was struck in 1858. One strange quirk is that the word penny in Canada used to refer to a two-cent coin, even though they never issued any 2 cent coins! It is possible they were referring to US 2-cent coins, which were issued from 1864 to 1873, but more likely because a French sous was worth approximately half a (British) penny, therefore a two sous coin was the near equivalent of a penny.

In Euroland, the Irish recently started to phase out the use of one and two cent coins, but most of their discussions were also about dropping the penny!

One solution could be to emulate Zimbabwe, where high inflation means that one US dollar is worth about 360 Zimbabwe dollars, or about 520 to a British pound. This neatly avoids the need for any fractional denominations.

Talking about fractional coins:
https://www.flickr.com/photos/lawrence_chard/7145393421/

...which also reveals a surprising etymological link between coins and anatomy, as does this:

https://www.flickr.com/photos/lawrence_chard/6390568191/

Perhaps the guy he mentioned getting a cent stuck in his anus was going for the closest alternative.

Send this Article to a Friend



Separate multiple emails with a comma (,); limit 5 recipients






Your email has been sent successfully!

Manage this Video in Your Playlists




notify when someone comments
X

This website uses cookies.

This website uses cookies to improve user experience. By using this website you consent to all cookies in accordance with our Privacy Policy.

I agree
  
Learn More