Penny Napoleonic Wars prompted the use of base metals in 1797. Despite the decimalization of currencies in the United States and, later, throughout the British Commonwealth, the name remains in informal use. No penny is currently formally subdivided, although farthings (¼ d.), halfpennies, and half cents have previously been minted and the mill (1/10¢) remains in use as a unit of account in some contexts. "Penny" is first attested in a 1394 Scots text, a variant of Old English ', a development of numerous variations including ', ', and '. The etymology of the term "penny" is uncertain, although cognates are
Penny (Australian coin) Penny (Australian coin) The Australian penny was a coin of the Australian pound used in the Commonwealth of Australia prior to decimalisation in 1966. It was worth one-twelfth of an Australian shilling and 1/240 of an Australian pound. The coin was equivalent in its dimensions, composition and value to the British penny, as the two currencies were fixed at par. The coin was first introduced in 1911, and stopped being minted in 1965, with the introduction of decimalisation. When decimalisation happened on 14 February 1966, the coin value was equal to 0.8333¢. The obverse of the coin featured the reigning