As an expert in finance and currency, I am well-versed in the valuation of various forms of money, including the penny. The term "penny" is used in several countries, but for the purpose of this discussion, I will assume we are referring to the United States penny, which is the smallest denomination of currency in the U.S. and is worth one cent.

When we talk about "100 thousand pennies," we are essentially discussing a large number of these small units of currency. To determine the value of 100 thousand pennies, we can perform a simple calculation. Since one penny is equal to one cent, or one-hundredth of a dollar, 100 thousand pennies would be equal to 100 thousand cents. To convert this amount into dollars, we divide by 100:

\[ \text{Value in dollars} = \frac{100,000 \text{ cents}}{100} = 1,000 \text{ dollars} \]

This calculation is straightforward and provides us with the total value of 100 thousand pennies in U.S. currency. It's important to note that the value of currency can fluctuate with inflation and other economic factors, but for the penny, these changes are minimal over short periods of time.

The example provided from St. Anne's elementary school illustrates a practical application of this concept. The students collected over 100,000 pennies, which amounted to over $1,000. This sum was then donated to a worthy cause, the Carl and Gloria Morgan Breast Cancer Research Centre at the University of Windsor. It's a testament to the power of collective effort and the significance of even the smallest units of currency when they are pooled together for a common goal.

In conclusion, 100 thousand pennies equate to a total value of $1,000. This calculation is based on the standard value of one penny being equal to one cent, and by multiplying this by the total number of pennies, we arrive at the total value in dollars.

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Published on Feb 13, 2012. St. Anne's elementary school students collected over 100,000 pennies Monday, May 4, 2009. The pennies, worth over $1,000, were donated to the Carl and Gloria Morgan Breast Cancer Research Centre at the University of Windsor.Feb 13, 2012read more >>