Green’s Dictionary of Slang

gig n.6

[? grig n.1 ]

a farthing.

[UK]Hotten Dict. of Modern Sl. etc.
[UK]Hotten Sl. Dict.
[UK]Sl. Dict.
[Aus]Morn. Bulletin (Rockhampton, Qld) 18 July 2/6: A ‘fiddler’ is used for a farthing as well as a sixpence, and the same explanation does for both. ‘Gig’ is a corruption of the word ‘Grig,’ and ‘Grig’ itself is a slang word for a merry little fellow.