ETYMOLOGY
from pinch- (comb. form) + penny
EXAMPLE
“… A prince & kyng of al a regioun
Mot avarice thrist a-doune to grounde;
To hym þat lith in helle depe I-bounde,
The, auarice, by-take I to kepe;
Thow pynepeny, [pynchepeny] ther ay mot þou slepe! …”
From: Hoccleve’s Works,
Edited by Frederick J. Furnivall, 1892
De Regimine Principum
By Thomas Hoccleve, Composed c1412
Lexicophilia 