Why is the US $0.01 cent coin call a "Penny"?



Answers:
Similarly why is one hundreth of a UK pound is a penny. In ancient currency,pre decimal, nearby used to be 240 pennies surrounded by a pound. I reflect the word penny have a Latin derivation.
It's a adjectives but unofficial entitle for the one-cent coin in the United States and in Canada, worth 1/100 of the dollar: see penny (U.S. coin), penny (Canadian coin). This word is impracticable by the United States Mint or the Royal Canadian Mint; they use cent.

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