Pen″ny (pĕn″ny̆), a. [Perh. a corruption of pun, for pound.] Denoting pound weight for one thousand; — used in combination, with respect to nails; as, tenpenny nails, nails of which one thousand weight ten pounds.
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Webster's Dictionary 1913
Webster's Revised Unabridged Dictionary, C. & G. Merriam Co., 1913.