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<p>[QUOTE="Bill in Burl, post: 2427863, member: 23692"]Both Canada and the US have "cents", because they are officially 1/100 of a dollar. The Brits had pennies because theirs was based on the pound. The terms got interchanged/intermingled over 150 years ago (about when large cents became small cents). In Canada, the official term is "cents" and traditionalists are revolted by the term "penny".</p><p><br /></p><p>The Canadian pre-confederation tokens were essentially the same size (both pennies and half pennies) as the Brits, so they all say "penny" on them. Once the Royal Mint in London started minting Canadian coinage in 1858, the term "cent" came into being for Canucks in the interest of US cross-border transactions and their coinage was based on the "dollar". At that time, Canada was merely a Province of Britain .. in 1867, Canada became its own country, but London continued striking their coins until 1908..[/QUOTE]</p><p><br /></p>
[QUOTE="Bill in Burl, post: 2427863, member: 23692"]Both Canada and the US have "cents", because they are officially 1/100 of a dollar. The Brits had pennies because theirs was based on the pound. The terms got interchanged/intermingled over 150 years ago (about when large cents became small cents). In Canada, the official term is "cents" and traditionalists are revolted by the term "penny". The Canadian pre-confederation tokens were essentially the same size (both pennies and half pennies) as the Brits, so they all say "penny" on them. Once the Royal Mint in London started minting Canadian coinage in 1858, the term "cent" came into being for Canucks in the interest of US cross-border transactions and their coinage was based on the "dollar". At that time, Canada was merely a Province of Britain .. in 1867, Canada became its own country, but London continued striking their coins until 1908..[/QUOTE]
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