@Lucas
It is a question of working out all the possibilities, finding which coin is counterfeit, and whether it is heavier or lighter. Let us begin...
Let me call the coins A through L...
First weighing I weigh A, B, C, D vs E, F, G, H
Two possibilities - they don't balance or they do
& Let's say they don't - two possibilities again A, B, C, D is heavier than E, F, G, H or A, B, C, D is lighter than E, F, G, H.
# Let's say A, B, C, D are heavier so either one of A, B, C, D is heavier OR one of E, F, G, H is lighter. Then I will weigh A, B, H vs D, E, L leaving C, F, G aside.
Three possibilities - either they balance, A, B, H, is heavier than D, E, L, or A, B, H is lighter than D, E, L.
* Suppose they balance. Then C, F or G is the fake. So I weigh F against G.
Two possibilities - they balance meaning F, G are real and C is fake and heavier, or they don't balance meaning whichever was lighter in that last weighing (F, G) was the fake, and lighter.
* Suppose A, B, H was heavier than D, E, L. So, either A or B is heavier or E is lighter. Weigh A against B. If they balance, E was fake and lighter. If they don't balance, whichever one of A, B was heavier is the fake and heavier.
* Suppose A, B, H was lighter than D, E, L. So, either H was lighter or D was heavier. Weigh H against L. If they balance, D was fake and heavier and if they don't balance, H is fake and lighter.
# Supposing A, B, C, D was lighter than E, F, G, H, take everything in the asterisk section and switch the letters A, B, C, D with E, F, G, H and vice-versa.
& Suppose A, B, C, D balance against E, F, G, H, then they're all real. Then we weigh I J against K, A
Two possibilities - they balance or they don't.
% Say they balance, then L is fake and we weigh it against any of the real coins to see whether it is lighter or heavier.
% Say they don't, then either I, J is heavier than K, A or I, J is lighter than K, A.
@ Say I, J is lighter than K, A, then, either one of I, J is fake and lighter, or K is fake and heavier. You weigh I against J. If they balance, K is fake and heavier; if they don't whichever is lighter of I vs. J is fake, and lighter.
@ Say I, J is heavier than K, A, then, either one of I, J is fake and heavier, or K is fake and lighter. You weigh I against J. If they balance, K is fake and lighter; if they don't whichever is heavier of I vs. J is fake, and heavier.
All that for a fake penny. I would have just taken the hit.