Of Greek origin.

An English diminutive of the name Penelope.

Variant forms of the name are: Pen, Pennie, Penney.

Famous bearers are Penny Marshall, Penny Smith, Penny Johnson, Penny Spencer.

“Penny Lane”, the Beatles’ song, written by Paul McCartney, has no association with the name.

It was a street in Liverpool, England, thought to be named after James Penny, an 18th century English merchant.