penny sterling noun2 •(historical) A British coin worth 1⁄240 of a pound sterling, made of silver prior to 1797, and copper thereafter, Abbreviation: d.The Semissis, or מםימם Mesimes, was the half of an assar, or the 192d part of a shekel: its weight was 2 barley corns, and its value equal to ּ146, or the 7th part nearly of a penny sterling. — 1823 •(historical) A unit of weight amounting to 1/20 of a troy ounce.Twenty four Grains made one Penny Sterling, 20 Penny weight one Ounce, and 12 Ounces, or 5660 Grains made a pound Sterling, consisting of 20 Shillings. — 1676 formspence sterling · pennies sterling