Green’s Dictionary of Slang

fencing n.

[fence v. (1) + sfx -ing]

[late 18C+] receiving or dealing in stolen goods; thus fencibles n., stolen goods.

In compounds

fencing crib (n.) [crib n.1 (1)]

[19C–1900s] the shop, house or room from which a receiver operates.

fencing cully (n.) [cully n.1 (5)]

[mid-17C–18C] a receiver and seller of stolen goods.

fencing ken (n.) [ken n.1 (1)]

[late 17C–19C] the shop, house or room from which a receiver operates.