Penny

English Law: Penny in the Past

The name of an English coin of the value of one-twelfth part of a shilling. While the United States of America were colonies, each adopted a monetary system composed of pounds, shillings and pence. There is further information on this topic in this legal reference. The penny varied in value in the different colonies. [1][rtbs name=”history-of-english-law”]

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Notes and References

1. Partialy, this information about penny is based on the Bouvier´s Law Dictionary, 1848 edition. There is a list of terms of the Bouvier´s Law Dictionary, including penny.

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