tuppence (n.)

"1 more than one, the number which is one more than one; a symbol representing this number;" Old English twa "two," fem. and neuter form of twegen "two" (see twain), from Proto-Germanic *twa (source also of Old Saxon and Old Frisian twene, twa, Old Norse tveir, tvau, Dutch twee, Old High German zwene, zwo, German zwei, Gothic twai), from PIE *duwo, variant of root *dwo- "two."

Two-fisted is from 1774. Two cheers for _____, expressing qualified enthusiasm first recorded 1951 in E.M. Forster's title "Two Cheers for Democracy." Two-dimensional is recorded from 1883; figurative sense of "lacking substance or depth" is attested from 1934.

late 14c., a contraction of penies, collective plural of penny. Spelling with -ce reflects the voiceless pronunciation (compare dice (n.), deuce, hence). After the introduction of decimal currency in Britain in 1971, it began to be used in singular (one pence).