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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 ?
It's so nice to have a free meal every week, especially in this economic climate when we are watching the pennies and especially as I have teenagers who want all the latest gadgets.
You could easily have split the chips between two if you were watching the pennies or the waistline
He said: "With purse strings tightening and more people watching the pennies, our job is to keep prices even lower.
The North-East Chamber of Commerce said shoppers were likely to be watching the pennies after interest rate rises in the past year.
SUBWAY@ stores know you might be watching the pennies after the party season.
BOB Geldof clearly believes in watching the pennies.
AFTER a tough year of watching the pennies, it is not surprising we have had a blowout.
And, for those of you watching the pennies as well as the pounds, the SUB OF THE DAY@ is still only pounds 1.