Hands the coin to the twits (6)
I believe the answer is:
passes
'hands' is the definition.
('pass' can be a synonym of 'hand')
'coin to the twits' is the wordplay.
'coin' becomes 'p' (abbreviation for pence).
'to the twits' becomes 'asses' (I've seen this in another clue).
'p'+'asses'='PASSES'
'the' is the link.
(Other definitions for passes that I've seen before include "Routes through mountains" , "Dies, euphemistically" , "'Men seldom make . . . at girls who wear glasses'" , "Time always does it" , "never fails to get?" .)