WordGarden.iopenny
B1Pronunciation
UK
- /pˈɛni/
US
- /ˈpɛni/
Meanings
Noun
a coin or unit of money worth one cent or one hundredth of a pound
Proper-noun
a feminine given name
Beyond the definition
A penny is a one-cent coin in the United States. On its own, it does not buy much today, but small amounts can still add up over time. The saying "a penny saved is a penny earned" reminds us that even a little money matters. You might find pennies on the sidewalk or keep them in a jar at home. Sometimes, people say something is "not worth a penny" to mean it has almost no value, like an old broken toy.
Historically, "penny dreadfuls" were cheap, exciting stories sold in Britain in the 19th century. So while this tiny coin may not seem important, it has a long history and can suggest both small savings and popular stories.
The word "penny" usually refers to a coin worth one cent in the United States. In British English, it can also mean a one-penny coin, and the plural may be "pennies" or "pence" depending on the context. While its buying power is very small today, the penny is still a familiar symbol of money, saving, and careful spending. It also appears in everyday expressions. For example, if something costs "a pretty penny," it actually means it is expensive.
The word comes from the Old English penig or pennig and is related to similar Germanic words such as German Pfennig. Long ago, pennies could be made of silver and had much more value than they do now. In the old British money system, 240 pennies made one pound. Over time, the coin changed in both value and material. Modern American pennies are mostly zinc with a thin copper coating, which gives them their familiar color.
Beyond its value as money, "penny" appears in many common idioms. To "pinch pennies" means to spend very carefully. If you ask for "a penny for your thoughts," you are asking someone what they are thinking. In British English, "the penny dropped" means someone finally understood something. Whether you are talking about small amounts of money, careful saving, or familiar sayings, the penny carries a meaning that is much larger than the coin itself.
Examples
- 1
Coin on floor
He picked up a penny from the kitchen floor.
- 2
Piggy bank
The child counted the pennies in her piggy bank.
- 3
No cash
I don't have a penny on me, so I can't buy a coffee.
- Phrasenot have a penny
have no money
- 4
Saving money
We saved every penny for our trip.
More examplesFewer examples
- 5
Good value
The new mattress was expensive, but it was worth every penny.
- Phraseworth every penny
worth all the money it cost
- 6
High cost
That old car cost a pretty penny to fix.
- Phrasecost a pretty penny
cost a lot of money
- 7
Asking thoughts
"A penny for your thoughts," she said when he went quiet.
- Phrasea penny for your thoughts
tell me what you are thinking
- 8
Sudden understanding
When he saw the empty box, the penny finally dropped.
- Phrasethe penny dropped
he suddenly understood
See also
Forms and spellings
3 forms open this card.
Main spelling
- pennynoun
Forms
- pencepluralnoun
- penniespluralnoun