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The phrase "a pretty penny" is correct and can be used in written English.
It is typically used to describe something as being expensive or costing a lot of money. Example: "The designer handbag she purchased cost her a pretty penny."
Exact(60)
Which are now worth a pretty penny.
A pretty penny that's worth paying?
That's still a pretty penny.
You know, don't waste a pretty penny.
C*.*W*.*: It's a pretty penny.
It costs a pretty penny too.
In 1989 dollars that's quite a pretty penny.
"That thing is worth a pretty penny," he said.
That must have cost the NHS a pretty penny.
Bloomberg also dropped a pretty penny -- love that phrase!
Such pampering can cost a pretty penny, of course.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com