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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[–] 1 point 1 day ago

I think that's exactly what OP means. If English isn't their first language, prepositions do be confusing.

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