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
Mrs Penny the sustained challenge of Aryenne to win by a short neck, becoming the first British-trained winner of the race since Highclere in 1974. Mrs Penny was then aimed at Britain's most prestigious all-aged race, the King George VI and Queen Elizabeth Stakes at Ascot Racecourse in July. Piggott settled the filly just behind the leaders and turned into the straight in third place before moving up to challenge the four-year-old colt Ela-Mana-Mou inside the final quarter mile. She briefly looked likely to win, but was outstayed by the older horse and finished second, beaten three quarters of a length, five