Meaning of the word penny in English

What does penny mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

penny

US /ˈpen.i/
UK /ˈpen.i/
"penny" picture

Noun

1.

a British coin and unit of money, equal to one hundredth of a pound

Example:
I found a penny on the sidewalk.
This candy costs 50 pence.
2.

a coin of the US and Canada, equal to one cent

Example:
I only have a few pennies in my pocket.
A dollar is equal to 100 pennies.
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