Because the phrase 'by the penny' is implied that whatever it is, will squeeze all the value out down to the singular digit, because the penny has a value of 1 cent as we all know. However, with the penny no longer in production, how soon can we expect a time where nobody will say "by the penny"?

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[–] 14 points 1 day ago (5 children)

I have never heard that phrase used and im over 50.

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  • [–] 5 points 1 day ago (4 children)

    Maybe they meant "to the penny/cent"

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  • [–] 7 points 1 day ago (3 children)

    I don't even really recognize that unless like down to the penny as in being exacting.

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