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No More Pennies Riddle

A guy came around the corner of a square lot and found a coin sitting on the ground, but did not pick it up. He kept walking and came across a penny, but did not pick it up, yet again. He kept walking and found yet again, a penny. He picked it up. He continued his walk a and discovered there were no more pennies, even when he went backwards, why?
He was walking around a SQUARE lot! It was like a circle.
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