Green’s Dictionary of Slang

pen n.3

[ety. unknown]

(Aus./S.Afr.) a threepenny piece.

[UK]Illus. London News 26 Feb. 2/1: South African [...] slang colloquialisms [...] A penny piece, which is abhorred by the natives, is a ‘debblish’ [...] a threepenny piece is invariably a ‘pen’.
[UK]Farmer & Henley Sl. and Its Analogues.
[Aus]Baker Popular Dict. Aus. Sl.