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why is the term “penny” used to describe nails?

why is the term “penny” used to describe nails?

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Originally it meant the price (in pennies) of A HUNDRED nails.

My source is the Oxford English Dictionary, which says, “in reference to nails, denoting the original price per hundred, as fivepenny nail, tenpenny nail, etc., and later (after the falling of prices) coming to denote the size of the nail.”

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SKCave
Do u mean woodworking nails? Presumably because they are cheap to buy and used to be sold for a penny.
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Anonymous
They’re small like a penny.
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Anonymous
It’s hard to believe that’s how much they were :)~
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