The name Penny is derived from the English word "penning" or "pening," which was a medieval term for a small amount of money, specifically a penny. The name's origins can be traced back to the Anglo-Norman period in England, around the 11th to 13th centuries.

In medieval times, a penny was a significant sum, and the name Penny likely emerged as a nickname or a term of endearment for someone small, precious, or valuable. It was initially used as a surname before transitioning to a feminine given name.

One of the earliest recorded instances of Penny as a given name dates back to the 16th century. In 1558, a woman named Penny Darwent was born in Yorkshire, England. Her name appears in parish records from that time.

Throughout history, several notable individuals have borne the name Penny. One of the most famous is Penny Chenery (1922-2017), the American businesswoman and horse breeder who owned the legendary racehorse Secretariat. Chenery's determination and success in the male-dominated world of horse racing made her a pioneering figure.

Another notable Penny is Penny Marshall (1943-2018), the American actress, director, and producer. She starred in the popular television series Laverne & Shirley and directed successful films like Big and A League of Their Own.

In the realm of literature, Penny Vincenzi (1939-2018) was a popular English novelist known for her family sagas and romantic fiction. Her novels, such as An Absolute Scandal and No Angel, were bestsellers.

The name Penny also has historical connections to the world of sports. Penny Oleksiak (born 2000) is a Canadian swimmer who won four medals, including one gold, at the 2016 Rio Olympics at the age of 16, making her one of Canada's youngest Olympic champions.

Another notable figure is Penny Mordaunt (born 1973), a British politician and the current Leader of the House of Commons. She has held various cabinet positions and is known for her work on issues related to the armed forces and equality.

While the name Penny may have humble origins, it has been borne by a diverse array of influential and accomplished individuals throughout history, reflecting its enduring appeal and versatility.