[Right Wing Assault]

Except for air resistance (which is very minor) they both fall at the same rate.

Air resistance is not always very minor! Drop a sheet of paper flat and the same paper balled up. The ball will kill the paper. Different weight objects only reliably fall with the same acceleration in a vacuum. There are countless examples of heavier and lighter objects falling faster or slower.

As far as the penny goes, a steel ball will beat the penny. The penny will usually tumble and reach a lower terminal velocity than the ball. Drop it from a skyscraper and see what happens.

[phantomworker]

Ok, technically, you're correct.

Now, what if you dropped a canon ball and at the same time shot a similar canon ball out at a 90 degree angle. Which would land first?

[phantomworker]

As far as the penny goes, a steel ball will beat the penny. The penny will usually tumble and reach a lower terminal velocity than the ball.

Drop it from a skyscraper and see what happens.

I've heard that a penny can kill someone if you drop it from the top of the Empire State Bldg.