The first machine to be called a Bicycle.
The name came from the British penny and farthing coins
The British Penny was much larger than the Farthing.
So that the side view resembles a larger Penny leading a smaller Farthing.
That is your lesson for the day
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I don’t think that is correct, bicycles were first used in mainland Europe and the name comes from there. First used in a French publication in the 1840s. The names velocipedes and bicycles were interchangeable
(I used to take an interest in bikes and their origin)
Edit:
I believe Penny Farthings are still made and raced in Tasmania
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The Penny Farthing is so called because it has two different sized wheels.
The front one is likened to a penny coin and the back one is likened to a farthing.
In or around 1870.
There is one in the cycle museum in Birmingham England.
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I always thought they were call that because they were that cheap back in the day.
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TV presenter Jeremy Vine owns and rides a Penny Farthing near his London Home.
I often wondered how you get on one of these things, Jeremy shows how it’s done in this video. It looks so easy!
We don’t see how he gets off though!
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I’m sure there must be a logical explanation 
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