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What does "penny for your thoughts, a" mean?

What are you thinking about? For example, You've been awfully quiet—a penny for your thoughts. This expression dates from the 1500s and was in John Heywood's 1546 collection of proverbs.
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© 1996-2013 LoveToKnow, Corp. All Rights Reserved. Audio pronunciation provided by LoveToKnow, Corp.