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<p>[QUOTE=&quot;CoinCorgi, post: 4832411, member: 88934&quot;]<a href="https://www.treasury.gov/resource-center/faqs/Coins/Pages/denominations.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.treasury.gov/resource-center/faqs/Coins/Pages/denominations.aspx" rel="nofollow">https://www.treasury.gov/resource-center/faqs/Coins/Pages/denominations.aspx</a></p><p><br /></p><p><font size="3"><b>Glossary of terms: Denomination </b></font></p><p>Refers to the different values of money. U.S. coins currently are made in the following six denominations: cent, nickel, dime, quarter, half dollar, and dollar.</p><p><br /></p><p><font size="3"><b>What is the correct term for a one-cent coin? </b></font></p><p>The proper term is &quot;one cent piece,&quot; but in common usage this coins is often referred to as a penny or cent. Many times, even the Treasury Department and the United States Mint use the term penny because that is what is normally referred to in general use by the public.</p><p><br /></p><p><font size="3"><b>Are there any plans to remove the one-cent coin (more popularly known as the &quot;penny”) from circulation? </b></font></p><p>&nbsp;You may be interested to know that the penny is the most widely used denomination currently in circulation and it remains profitable to make. Significantly, it is Congress that determines the denominations of coins that the Mint must produce and put into circulation. Each penny costs .81 of a cent to make, but the United States Mint collects one cent for it. The profit goes to...[/QUOTE]</p><p><br /></p>

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