QUOTE(grivna1726 @ Sep 20 2007, 05:22 AM)

Do you how many people who were born here and lived here all their lives believe that 1/100th of a dollar is a British coin (the penny)? Even the dictionary agrees with them on that point.
American Heritage Dictionary -
pen·ny (pěn'ē) Pronunciation Key
n. pl. pen·nies
1. In the United States and Canada, the coin that is worth one cent.
The US Govt mint also agrees; they tell the story on their website as to why the 1 cent coin became, and still is, referred to as a penny.
I think you're talking about two different things here...the coin name (penny, nickel, dime) and it's value (1 cent, 5 cents, 10 cents).
Steve