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A penny is a one-cent coin, a fractional unit of currency. The mention of a penny worth $7,000 likely refers to a rare, collectible penny, specifically a doubled die penny, which is a minting error where the design is struck twice on the same coin, creating a unique appearance. The value of such coins can vary widely depending on rarity, condition, and collector demand. The hypothetical question of punching someone for $1 million is unrelated to the topic of cryptocurrency or finance but illustrates the value placed on money in some contexts.

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