Most people even after they grow up will bend down to pick up a penny for good luck, but have you ever wondered why it’s considered good luck? There are several theories such as the belief that money symbolizes power and people will naturally try to acquire as much as possible, but most people agree it is considered good luck because of an ancient belief.

While our version is slightly different from older superstitions, it is loosely based on the same belief. Back in ancient times it was believed that metal was a gift from the gods. Because it was so strong and versatile they thought it was sent to ward off evil and help foster good, and began collecting as much of it as possible and stamping money with it.

This is where the notion that metal brings good luck comes from, and it’s seen much more often than just in pennies such as people hanging horseshoes, wearing charms, and having any good luck coin.