The metal is probably worth more than the paper. But in terms of legal tender,
they do indeed both have the same purchasing power.
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No, 1,000,000 pennies is only ten thousand dollars ($10,000) it takes 100 pennies to make one dollar
I billion pennies would have face value of 10 million dollars.
1 million pennies = 10000 pounds (in value).
103.5 million dollars.
The meaning of having a million dollars is that the value of your assets and property equals 1 million dollars.