Yes, phoney is in the scrabble dictionary

...and is worth 14 points by itself.

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Phoney Definition

adjective

Variant of phony.
from The American Heritage Dictionary of the English Language, 4th Edition

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Top Words by points

Points

phoney

14

2 letter words with PHONEY

Points

en

2

yo

5

ye

5

po

4

pe

4

oy

5

op

4

on

2

oh

5

oe

2

no

2

ne

2

eh

5

he

5

ho

5

3 letter words with PHONEY

Points

peh

8

yon

6

yep

8

yen

6

yeh

9

eon

3

pye

8

poh

8

pho

8

pen

5

hyp

11

ope

5

hen

6

one

3

hep

8

hey

9

hoe

6

hon

6

noh

6

hop

8

hoy

9

4 letter words with PHONEY

Points

hone

7

hope

9

hype

12

hypo

12

pony

9

pone

6

phon

9

pheo

9

peon

6

nope

6

open

6

5 letter words with PHONEY

Points

peony

10

phone

10

phony

13

honey

11

6 letter words with PHONEY

Points

phoney

14

Found 52 words in 0.20222 seconds