The Collaborative International Dictionary of English v.0.48:
Catchpenny \Catch"pen*ny\, a. Made or contrived for getting small sums of money from the ignorant or unwary; as, a catchpenny book; a catchpenny show. -- n. Some worthless catchpenny thing. [1913 Webster]WordNet (r) 3.0 (2006):
catchpenny adj 1: designed to sell quickly without concern for quality; "catchpenny ornaments"