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.Īre there any plans to remove the one-cent coin (more popularly known as the "penny”) from circulation? The proper term is "one cent piece," but in common usage this coins is often referred to as a penny or cent. What is the correct term for a one-cent coin? coins currently are made in the following six denominations: cent, nickel, dime, quarter, half dollar, and dollar.
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