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A Penny Saved is $1,000 Earned

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Are you the type of person who picks up coins on the street? Even pennies? Well, I’d encourage you to step up the habit — and the rest of you may want to take up this hobby, at least for the next few weeks.

Ally Bank has a fun scavenger hunt promotion going on right now, called Ally Lucky Penny. They minted 100 special pennies and dropped them in each of ten metropolitan cities. Since doing so last month, Ally has been giving out little clues as to where you can find these copper coins.

The pennies were dropped in Washington, DC (so believe me, I’m also on the lookout) as well as San Diego, Los Angeles, Charlotte, New York City, Chicago, Detroit, Denver, Austin, Miami. Each city had a total of ten coins dropped in random locations, but keep in mind that coins move. So, just because one of the town’s hints says it’s in a park somewhere, doesn’t mean it hasn’t been inadvertently moved across town (or even to another city!). It’s probably wise to go ahead and check your coins each time you get change, no matter where you live, just in case one of these pennies winds up in your pocket.

So, what happens if you end up with one of the special pennies? You’ll need to take it into an Ally Bank, and in exchange, they will give you a 100,000% return… or $1,000 in cold, hard cash. Not a bad deal, just for checking the jingle in your change purse.

But be on the lookout now, as this promotion only goes through December 31, 2016. For more information, rules, and city-specific clues, visit Good luck!

Updated February 2, 2018 and originally published November 21, 2016.

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About the author

Stephanie is the managing editor at Consumerism Commentary, as well as a contributing writer. She graduated from Baylor University with a Biology degree, but has since found a passion for personal finance. She also writes for a number of other sites -- including Dough Roller, Five Cent Nickel, and allCards -- in addition to running her small business, Pink Orchid Press. Stephanie lives in Washington, DC with her two sons and a German Shepherd. View all articles by .

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