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<p>[QUOTE=&quot;NPCoin, post: 484618, member: 5629&quot;]&quot;Cent&quot; is a legal term defined within the laws of our nation.&nbsp; The use of the term &quot;penny&quot; only shows ignorance, in my opinion, especially when used by any person who is professionally in any financial related industry.&nbsp; This ignorance is further exemplified by the use of the term &quot;five cents&quot; for a &quot;nickel&quot;, &quot;ten cents&quot; for a &quot;dime&quot;, and &quot;twenty-five cents&quot; for a quarter dollar.</p><p><br /></p><p>The fact that people use the term &quot;penny&quot; for a one cent coin, but term the value of nickel, et al., in &quot;cents&quot; is ignorance.&nbsp; Penny denotes the value of one penny.&nbsp; A nickel, being the value of five &quot;pennies&quot; should thus be termed a &quot;five pence&quot; coin, not a &quot;five cents&quot; coin.&nbsp; If you&#039;re going to term your coinage in terms of a penny, use pence.&nbsp; If you are going to term your coinage in terms of a mil monetary system, then term your 1/100 coin as a &quot;cent&quot;, not a &quot;penny&quot;.</p><p><br /></p><p>Even the fact that legislators or mint representatives utilize the term &quot;penny&quot; when referring to the one cent coin only further shows our society&#039;s ignorance of the monetary system.&nbsp; As numismatists, we should utilize proper nomenclature for coins, both in our profession as well as in general conversation.</p><p><br /></p><p>You certainly would not let somebody believe that a cleaned and polished coin is in anyway a &quot;high grade MS&quot;.&nbsp; You would educate them.&nbsp; You would not allow them to remain in ignorance of the fact that a harshly clean, highly polished coin is in any way an investment item.&nbsp; In the same way, why would you want people to remain in ignorance about their own nation&#039;s coinage?</p><p><br /></p><p>You wouldn&#039;t call our dollar a kwacha, would you?&nbsp; You wouldn&#039;t call a Kennedy half a medio peso, would you?&nbsp; You wouldn&#039;t call a quarter a 25 grosce, would you?&nbsp; Then why would you term your cent as a denomination of the British Empire?&nbsp; It just does not make sense, and only shows ignorance of the monetary system as a whole.[/QUOTE]</p><p><br /></p>

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