What does pfennig mean?
The pfennig was a subunit of the German and Austrian currencies, equal to one-hundredth of a mark or euro. It was in use until the introduction of the euro in 2002, after which it became largely obsolete. The pfennig was worth very little by the time it was replaced and is now mostly encountered in historical or nostalgic contexts. Despite its limited current usage, the pfennig remains an interesting relic of the pre-euro currency system. The word 'pfennig' is still used to refer to this former coin. The pfennig has several synonyms across different currencies, including the cent, penny, and kopeck.
nounA pfennig is a former subunit of the German and Austrian currencies, equal to one-hundredth of a mark or euro before the introduction of the euro in 2002. It is no longer in use as legal tender.
- A subunit of the German and Austrian currencies
- A coin of this value
"The old vending machine still accepted pfennigs as payment."
"The old vending machine still accepted pfennigs as payment."
"The pfennig was worth very little by the time it was replaced."
The plural form 'pfennigs' is used when referring to multiple units of this former currency.
"The collector had a large stash of old pfennigs."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.
Etymology of pfennig
The word 'pfennig' originates from the Old High German word 'pfenninc', which referred to a type of coin. The pfennig has a long history, with the first pfennig coins minted in the 8th century. It was used in various forms across Germanic-speaking Europe. The pfennig's design and value varied over time and across regions.
How pfennig is actually used
The pfennig is largely obsolete, having been replaced by the euro in 2002. It may still be encountered in historical or nostalgic contexts.