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Origin and history of cent

cent(n.)

late 14c., "one hundred," from Latin centum "hundred" (see hundred). The meaning shifted 17c. to "hundredth part" under influence of percent. It was chosen in this sense April 18, 1786, in a Board of Treasury report, as a name for a U.S. currency unit (the hundredth part of a dollar) by the Continental Congress. Dime also first appears as a U.S. coin name in the same document.

The word cent first had been suggested by Robert Morris in 1782 under his original plan for a U.S. currency. Morris's system had an unnamed basic unit at a very small value, and 100 of these was to equal a cent. But the ratio of this cent to the dollar would have been about 144:1.

The Money Unit will be equal to a quarter of a Grain of fine Silver in coined Money. Proceeding thence in a decimal Ratio one hundred would be the lowest Silver Coin and might be called a Cent. [Jan. 15, 1782, Morris's report, included in the Financier's response to a resolution of the Continental Congress on currency exchange]

Thomas Jefferson's counterproposal, which won approval, built on Morris's but eliminated the basic unit and made the decimal system uniform throughout.

Before the cent, Revolutionary and colonial dollars were reckoned in ninetieths, based on the exchange rate of Pennsylvania money and Spanish coin.

also from late 14c.

Entries linking to cent

dime(n.)

chosen 1786 as name for U.S. 10-cent coin (originally of silver), from dime "a tenth, tithe" (late 14c.), from Old French disme (Modern French dîme) "a tenth part" and directly from Medieval Latin decima, from Latin decima (pars) "tenth (part)," from decem "ten" (from PIE root *dekm- "ten").

The verb meaning "to inform" (on someone) is from the 1960s, from the then-cost of a pay-phone call. Alliterative phrase a dime a dozen "almost worthless" is recorded by 1930 (as an actual price, for eggs, etc., by 1861). Phrase stop on a dime attested by 1927 (a dime being the physically smallest unit of U.S. currency); turn on a dime is by 1913. Dime store "retail outlet selling everything for (more or less) 10 cents" is by 1928.

hundred(adj., n.)

"1 more than ninety-nine, ten times ten; the number which is one more than ninety-nine; a symbol representing this number;" Old English hundred "the number of 100, a counting of 100," from Proto-Germanic *hunda-ratha- (source also of Old Frisian hundred, Old Saxon hunderod, Old Norse hundrað, German hundert); first element is Proto-Germanic *hundam "hundred" (cognate with Gothic hund, Old High German hunt), from PIE *km-tom "hundred," reduced from *dkm-tom- (source also of Sanskrit satam, Avestan satem, Greek hekaton, Latin centum, Lithuanian šimtas, Old Church Slavonic suto, Old Irish cet, Breton kant "hundred"), suffixed form of root *dekm- "ten."

The second element is Proto-Germanic *rath "reckoning, number" (as in Gothic raþjo "a reckoning, account, number," garaþjan "to count;" from PIE root *re- "to reason, count"). The common word for the number in Old English was simple hund, and Old English also used hund-teontig. Also compare duodecimal.

The meaning "division of a county or shire with its own court" (still in some British place names and U.S. state of Delaware) was in Old English and probably represents 100 hides of land. The Hundred Years War (which ran intermittently from 1337 to 1453) was first so called in 1874. The original Hundred Days was the period between Napoleon's restoration and his final abdication in 1815.