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feminine · English origin
Penny is an English feminine name that originated as a diminutive of Penelope, itself derived from the ancient Greek name Penelopeia, whose precise root is debated but may relate to the Greek word for a type of duck or to the element meaning thread or weft. In Greek mythology, Penelope was the faithful wife of Odysseus, renowned for her patience and cunning, which gave the name lasting cultural resonance throughout the Western world. Penny came into widespread independent use in the twentieth century, particularly in Britain and the United States. Penelope and the short form Nell are among its closest relatives.