Cents

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. more...

In the United States and Canada, the 1¢ coin is generally known by the nickname penny, alluding to the British coin and unit of that name.

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 banknotes for higher values. However, coins with a 200 / 100th or 500 / 100th value are not uncommon, especially in cases of commemorative coinage. Many countries have pulled banknotes of a 200 / 100th value out of circulation and replaced them with coins.

Cent amounts between 1 cent and 99 cents are usually indicated by the one or two digits followed by a cent sign, usually the lower-case letter c pierced top to bottom by a forward slash or a vertical line: ¢ (2¢, 99¢), or by a lower-case letter c on its own (2c, 99c). In the United States and Canada, the first usage is more common, while in Australia, New Zealand and the Eurozone, the second usage is more common. In South Africa only the latter is ever used.

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