Just a bit of trivia today.
In the US, The Coinage Act of 1792 (Section 20) stipulates that “cents” are not the lowest denomination of US currency. It is actually something called the “Mille” (aka Mill).
“Dollars” were “units”.
“Dismes” were “tenths” (later became “dimes”).
“Cents” were “hundredths”.
“Milles” were “thousandths”.
I don’t know about you, but I hate pennies. They just seem to weigh down my pants and take up space in my house. They are so much of a hassle that I gladly pay almost 10% in commission to have someone else count them and convert them to bills. Imagine if we had coins for tenths of a penny!
I’m hopeful that we will get rid of pennies within the next 10 years. (New Zealand got rid of 1 cent denominations in 1990 and they even got rid of 5 cent denominations in 2006! A Canadian Dollar buys you roughly 1.33 New Zealand Dollars for context, as of today.)
Die pennies, die.