Lyric discussion by tsortore 

Cover art for Penny lyrics by People In Planes

Well since the song's name is Penny then I'm going to go out on a limb here and say that the penny is the machine, and pennies also happen to be a different color than the rest of the currency. It also happens to be worth the least. The real question is what are the two tasks it takes on -- this machine which was created (taken off the line) to perform one task at a time?

I see the two tasks as currency and control. On the one hand money is economic and on the other hand it is political. Since it is a machine and only meant to perform one task, its job is impossible and failure is inevitable.