Green’s Dictionary of Slang

groatable adj.

[? SE groats, hulled and/or crushed grain of various kinds; poss. used in brewing; or SE groat, fourpence, the price of a drink]

(US) drunk.

[US]B. Franklin ‘Drinkers Dictionary’ in Pennsylvania Gazette 6 Jan. in AS XII:2 91: They come to be well understood to signify plainly that A MAN IS DRUNK. [...] Groatable.
[US]B. Franklin q. in Hall (1856) 461: Dr. Franklin, in speaking of the intemperate drinker, says, he will never, or seldom, allow that he is drunk; he may be [...] ‘groatable, confoundedly cut, [...] pretty well entered, &c., but never drunk’.