new penny

1. 1.

   a coin used in Great Britain since 1971 worth one hundredth of a pound

   Broaderpenny

Questions about new penny

What does new penny mean?

new penny means "a coin used in Great Britain since 1971 worth one hundredth of a pound".

Is new penny a common word?

new penny is banded "Uncommon" — turns up in careful writing rather than conversation. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.