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Actually the term is ha'penny and is British slang for "half penny".

England issued that coin denomination for several hundred years. Before decimalization it was worth anywhere from 1/4¢ to 1/2¢ depending on the exchange rate. So-called "new half pennies" were struck for about 12 years after England switched to decimal pounds; these were worth about 3/4¢. By 1984 inflation had made the coins almost worthless and they were withdrawn from circulation. Today the smallest coin is a 1-penny piece.

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