Plastic Penny "Currency" 1969

Their existence was notable only for their one hit single, early in 1968, with the song "Everything I Am". It reached a high of number six in the UK Singles Chart. The song was a laboured ballad, augmented by a string arrangement.

Much of the group's material was psychedelic pop, veering towards a more prog rock feel on some of their album tracks. The majority of their material was written by three of the band members, Brian Keith, Paul Raymond and Tony Murray. Keith later left the band leaving it a quartet, and Raymond took over vocal duties.

Although Plastic Penny were not remarkable in themselves, several of their number went on to greater fame. Mick Grabham moved on to play with Cochise, and then Procol Harum. Keith later became the lead vocalist with Congregation, who oddly and coincidentally, share the unwanted one hit wonder tag with Plastic Penny. Raymond later played several spells with the long-lived rock band, UFO. Nigel Olsson became an in-demand session musician, most notably drumming on much of Elton John's early work. He has also worked with the Spencer Davis Group, Uriah Heep, Kiki Dee, Neil Sedaka, Rod Stewart and Leo Sayer.

The group's third and final album, Heads I Win, Tails You Lose was a hastily put together collage of the band's more obscure recordings, issued after the group had disbanded.