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The story of Peter Penny and his Magic Dollar

On pages 310-311 of Seduction of the Innocent, Dr. Wertham wrote,
There are publicity comic books to influence adults. Sylvia F. Porter, the financial columnist, writes about a comic book got out by the American Bankers Association: "The aim is not just to amuse you. Not by a long shot. It is to mold your thinking in a specific way." If that is true of good comic books for bankers, isn't it true, too, of bad comic books for children? They mold a child's thinking in a specific way.

This is a reference to one of the Peter Penny comic books published by the American Bankers' Association. Collectors have long presumed this reference to be "Peter Penny and his Magic Dollar." Coming soon! We'll post the article from Sylvia F. Porter, which sheds light on what Dr. Wertham was really referring to.

This is one of the scarcest known SOTI books. As of June, 2020, there is only one reported sale at, for a sale that took place on ComicConnect for a CGC 9.4 copy. Only eight copies of any version have ever been certified by CGC.

There are at least three versions of Peter Penny and his Magic Dollar.

The Overstreet Comic Book Price Guide lists an original and a "redrawn" one. The "redrawn" one is purported to have dimensions of 7 1/4" x 11". However, we at LostSOTI have never seen one with dimensions of 7 1/4" x 11", and it seems these measurements may be incorrect based on about a dozen copies of various printings we have encountered over the years.

There are at least three versions known to exist, and none matches the height of the one listed in Overstreet.

If you have any information about any of these versions, please contact us at

Here are the versions confirmed to exist:
Peter Penny and his Magic Dollar
Version A
Year: 1947
Dimensions: Version A1 has dimensions of 7 3/8" x 10 1/8"
Version A2 reportedly is 1/4" narrower (7 1/8" x 10 1/8").
Binding: Glue

Many thanks to
Marty Mann for
the Version A
information and scan.
Peter Penny and his Magic Dollar
Version B
Year: 1947
Dimensions: 7 1/8" x 10 1/8"
One larger copy, 7 1/4" x 10 3/4", is known to exist.
Binding: Glue
Peter Penny and his Magic Dollar
Version C
Year: 1947
Dimensions: 6 7/8" x 10
Binding: Glue
Peter Penny and Saves the Day
1948 edition
Year: 1948
Dimensions: 7 1/4" x 9 7/8"
Binding: Glue
Peter Penny and Saves the Day
1958 edition
Year: 1958
Dimensions: 7" x 10"
Binding: Glue

Side by Side Comparison of B and C.
Based on the images below, it seems apparent that version C is a redrawn edition of version B. It's not certain whether version A came before or after versions B and C. However, it appears that version A has a higher level of detail than B or C, leading to conjecture that version A came first.
Version B

Version C (redrawn).

Original version

Redrawn version. Note the empty space where the bottom of the bush was extended.