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From: Webster's Revised Unabridged Dictionary (1913)

 Fip·pen·ny bit  The Spanish half real, or one sixteenth of a dollar, -- so called in Pennsylvania and the adjacent States. [Obs.]
 Note: ☞ Before the act of Congress, Feb. 21, 1857, caused the adoption of decimal coins and the withdrawal of foreign coinage from circulation, this coin passed currently for 6¼ cents, and was called in New England a fourpence ha'penny or fourpence; in New York a sixpence; in Pennsylvania, Virginia, etc., a fip; and in Louisiana, a picayune.
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