Reference > Brewer’s Dictionary > Penny (in the sense of pound).

 Penniless (The).Penny (A) 
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E. Cobham Brewer 1810–1897. Dictionary of Phrase and Fable. 1898.
 
Penny (in the sense of pound).
 
Sixpenny, eightpenny, and tenpenny nails are nails of three sizes. A thousand of the first will weigh six pounds; of the second, eight pounds; of the third, ten pounds.   1
   Penny sometimes expresses the duodecimal part, as tenpenny and elevenpenny silver—meaning silver 10–12ths and 11–12ths fine.   2
        “One was to he tenpenny, another eleven, another sterling silver.”—Weidenfeld: Secrets of the Adepts.
 


 Penniless (The).Penny (A) 

 
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