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PENNY. The name of an English coin of the value of one-twelfth part of a shilling. While the United States were colonies, each adopted a monetary system composed of pounds, shillings, and pence. The penny varied in value in the different colonies.

References in periodicals archive ?
But 35 per cent refused to count the pennies, saying money was no object while on holiday abroad.
And now that he's in at the sharp end at the perth club, he'll be bringing his years of experience to bear, as clubs learn to count the pennies.
There's no need to panic or risk talking ourselves into recession, even if it is prudent of families to count the pennies.