Bank places 100 ‘lucky pennies’ worth $1,000 each across U.S.

A bank is placing 100 fake pennies in Chicago and nine other cities across the country it says it will redeem for $1,000 apiece as part of its “Lucky Penny” promotion.

The pennies have been placed in Chicago, New York, Los Angeles, Washington, D.C., Miami, Denver, Detroit, San Diego, Charlotte, North Carolina, and Austin, Texas, according to Ally Bank, which is aiming to drum up business by encouraging people to save.

It began the promotion this week, and the coins can be redeemed until the end of the year.

The “lucky” pennies are copper-colored like real pennies but feature the Detroit-based bank’s logo instead of Abraham Lincoln’s head. The flip side of the coin lists its value at 100,000 cents.