penny collector

1. Anyone who enjoys hording useless collectables such as faberge eggs, "limited edition" cups from McDonalds, Beanies Babies, etc.

2. Slang for a mentally disabled person.

Example 1.
Guy 1: "Dude, I just got another Dave Matthews Band live bootleg to add to my collection."

Guy 2: "Don't you already have like thirty of those?"

Guy 1: "Yeah...and?"

Guy 2: "You are such a fuckin' penny collector."

Example 2.
Guy 1: "Check out the penny collector in the foam helmet!"

Guy 2: "Sexy."

Penny Collector

A derogatory term for a Jewish person.
Because of the stereotype the most Jews are rich and good with money

guy 1: wow that guy is such a penny collector!
guy 2: why?
guy 1:well...he a jew so he must be rich