Fip'pen·ny bit` (? or ?). [ Corruption of five penny bit .] The Spanish half real, or one sixteenth of a dollar, - - so called in Pennsylvania and the adjacent States. [ Obsolete] » Before the act of Congress, Feb. 21, 1857, caused the adoption of decimal coins and the withdrawal of foreign coinage from circulation,... Found on http://www.encyclo.co.uk/webster/F/32