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The front of a penny (Lincoln's profile) or the front of any coin is called the obverse or heads side, the back of a coin is known as the reverse or tails side. There is no jargon for the side or edge of a coin. Some coins have a ridge around the edge. The process for producing that ridge is ''milling''. Also, the corrugated edge of a coin, such as the quarter, is called a ''reeded edge''. The process for creating it is called ''knurling'' or, sometimes, just ''milling''.
Simple question, difficult answer. It depends on how many times you want the penny to land on heads. The probability of a penny landing on heads once is 1 in 2. For it to land on heads twice is 1 in 4, for three times it is 1 in 8, and so on and so forth.
1/2 for penny and 1/6 for dice
The two sides of a coin are referred to as "Heads" and "Tails" because, the obverse usually has somebody's "head" on it, like a King, Queen or President, etc. The reverse side is therefore referred to as "tails". Heads and tails.
A trick question - - - The technical term "heads" refers to the front or primary side of a coin, so being really picky about things, ALL coins have only one head. But - - - Lincoln cents made since 1959 have a portrait of Lincoln's head on the "heads" side and a very tiny image of his statue inside the Lincoln Memorial on the "tails" side, so you can also say that the coin has 2 heads, if you mean Lincoln's head and not the coin's head!