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red cent (n.)

obsolete type of copper penny, 1839, American English, from red (adj.1) + cent. "Red" has been the color of copper, brass, and gold since ancient times.

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Definitions of red cent from WordNet

red cent (n.)
something of little value;
not worth one red cent
Synonyms: damn / darn / hoot / shit / shucks / tinker's damn / tinker's dam
From wordnet.princeton.edu