One dollar is equal to 100 pennies. Therefore, 1 million pennies converts to 10,000 dollars. However, why would you want to save pennies instead of dollars for ease of calculation? According to the San Diego Union-Tribune, the Pride of Lions Vista club called for donations in pennies to the tune of a million.
The strategy was that asking people for their pennies was way easier and people would probably find it convenient to part with a penny than a dollar. However, with a million pennies as the goal, it might take a while for the ballpark rebuilding project to get done.
The American penny is officially called the ‘one-cent piece.’ However, the word penny has been used in different cultures and countries for over 1,000 years. It simply meant a coin of small value. The word has stuck to the one-cent since it is the lowest unit in the American currency. The dollar is the standard main non-SI of the United States currency.