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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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
If you are watching the pennies this winter but are still looking for great, this offer from English Heritage is the perfect solution: stay closer to home and enjoy a range of fantastic attractions open every weekend throughout the winter virtually on your doorstep, and save money on admission prices, too!
He said: "Shoppers are watching the pennies, now more than ever.
says: "When so many parents are watching the pennies because of the recession and taking more breaks in the UK, it's a shame a family day out is going to cost them even more."
Mr Ellwood, who last year also claimed expenses totalling PS55,828.96, went on: "I never expected to be watching the pennies at my age and yet this is what I now have to do.
During the four years between his arrest and court appearance, Elliot said he had "lost everything" and was "now watching the pennies".
Because this budget hatch - about the size of a Focus or a Golf - is designed to appeal to families watching the pennies, you hardly expect a hefty thump in the back when you floor the accelerator.
We're all watching the pennies more than ever these days, so help your pounds go further with our shopping list from around the world.
. IF you're watching the pennies, Whittard's of Chelsea in Cheshire Oaks has already started their sale.
Prices range from pounds 1 to pounds 7 so is perfect for those watching the pennies.