Penny Lilac as perfins - that is with initials or insignia added as perforations to mint stamps which meant they could not be redeemed for cash at a post office. The addition of perfins was widespread practice in Britain from the 1860s as a precaution against theft. Penny Lilac The Penny Lilac was the basic penny postage stamp of Great Britain from its first issue on 12 July 1881 and was used until 1901. It superseded the short lived Penny Venetian Red because the Customs and Inland Revenue Act of 1881 necessitated new stamps that were also valid as revenue stamps, and
Penny debate in the United States Penny debate in the United States A debate exists within the United States government, and American society at large, over whether the one-cent coin, commonly called the penny, should be eliminated as a unit of currency in the United States. Several bills introduced in the U.S. Congress would have ceased production of pennies, but none has been approved. Such bills would leave the nickel, at five cents, as the lowest-value coin in the United States. In 1990, United States Representative Jim Kolbe [R-AZ] introduced the Price Rounding Act of 1989, H.R. 3761 to eliminate the penny in cash transactions, rounding