luck penny noun2 •A coin carried or given for luck.'A kind harvest to you, John Dolan,' cried the postillion, 'and success to ye, Winny, with the quality. There's a luck-penny for the child to begin with,' added he, throwing the child a penny. — 1812 •(no longer used) A small sum of money given back for luck when paying.I mean, had he not luckily exposed his legacy to jeopardy, having offered it as bounty-money and luckpenny to the patron — 1827 formsluck pennies · luck-pennies