Penny Venetian Red of "POSTAGE" and "ONE PENNY" that its predecessors bore. It was decided that a new colour would also be desirable to defend against improper re-use; a fugitive lilac ink was used that would run and spoil the stamp if one attempted to wash off the cancellation. The Lilacs broke the tradition of using corner letters and instead had either fourteen or sixteen dots in each corner. Penny Venetian Red The Penny Venetian Red was a British postage stamp equal to the value of one penny. Issued in 1880, it was designed and surface-printed by security printing company De La Rue.
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