Lucky Penny

There was a girl in our town, Silk an’ satin was her gown, Silk an’ satin, gold an’ velvet, Guess her name, three times I’ve telled it. - Lucky Penny

First off, thank you :) Secondly, you threw me for a second! If I had to guess...

her name

I'd say An/Ann/Anne, I wanted to say Silk at first, but nope, that's just twice.

EDIT: Ah thank you for the return gift! I really loved this riddle, it's a very fun way of doing gifts! :)