Penny

Definition and stakes

Samuel Smiles Thrift

A penny saved is the seed of pounds saved. And pounds saved mean comfort, plenty, wealth, and independence. But the penny must be earned honestly. It is said that a penny earned honestly is better than a shilling given. A Scotch proverb says, "The gear that is gifted is never sae sweet as the gear that is won." What though the penny be black? "The smith and his penny are both black." But the penny earned by the smith is an honest one.
Source: Gutenberg

Portrait of Thomas Davidson Thomas Davidson Chambers's Twentieth Century Dictionary 1908… (1908)

Penny gaff (slang) , a low-class theatre; Penny mail (Scot.) , rent in money, not in kind: a small sum paid to the superior of land; Penny wedding, a wedding ceremonial in Scotland, at which the invited guests made contributions in money to pay the general expenses.—A pretty penny, a considerable sum of money; Turn an honest penny, to earn money honestly. [A.S. penig, oldest form pending, where pend=Eng. pawn, Ger. pfand, Dut. pand, a pledge, all which are from L. pannus, a rag, a piece of cloth.]
Source: Wikisource

Portrait of Ralph Henry Barbour Ralph Henry Barbour Left Tackle Thayer

Penny bought and sold and traded and, so rumour declared, made enough to nearly pay his tuition each year. If you wanted a rug or a table or a chair or a picture or a broken-down bicycle or a pair of football pants you went to Penny, and it was a dollar to a dime that Penny either had in his possession, or could take you to someone else who had, the very thing you were looking for.
Source: Gutenberg

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