(a) An English silver coin, weighing approximately 22 grains, decreasing in weight and value from about 1300 A.D., equal to 1/12 of a shilling or 1/240 of a pound; also, the value of a penny; also fig……

(a) Goods costing a penny; what can be bought for a penny, a small quantity; what is worth a penny; also fig. of an abstraction; peni ne peni-worth; (b) pl. goods, merchandise; god (faire, bettre)……