Rules are simple:

-Ante / Dexterity cards are banned.

-Any card which costs less than a dollar (on average between most card shops) may be played (hence the name penny magic since you need just pennies to afford it).

-Any card which costs more than a $1.00 is banned.

-Similar deck structure like for eternal formats: 6o deck minimum, limit of 4 to any deck, no limit for basic lands.

Thoughts?