Hi Fellow magi and those of you that want a simple, easy effect.
Yes, you will have to practice a few times, maybe ten.
Wow! Many comments on here are lambasting the lack of simple ness.
And if you read a bit you will find that some don't like the putting away of the pencil.
Then don't put it away... use it as a magic wand, turn it around in the offbeat and use the erasure end to make the penny vanish. Then put the gimmick and penny and pencil away into the breast pocket of your jacket.
By simply flipping the pencil over in your hand you can use the erasure end.
Say something like, "And now to make it vanish (Smile) I will erase it with magic.
Show that the penny has vanished, not the image...
This is great and if you give it it's due... it will give you yours!

After watching the demo several times, I figured this was one of those TGTBT tricks. I was happily proved wrong after discovering the secret. The strongest magic, in my opinion, are tricks done with simple, non-assuming objects. Peter has laid this effect out so well that you cannot help but appreciate his cleverness and creativity. Practice and give this beautiful piece the attention it deserves. It's really not that hard to perform either... Thanks Peter and P.M. for this wonderful release...

This is a great effect with excellent video instruction. I'm only a novice and believe even a beginner can pick this up with sufficient practice.
My only concern is that one of the gimmicks won't usually match what it is swapped in for (and I know why). However, I don't believe most spectators will notice. It's probably my own paradigm/over thinking.
I'll let you know if my thoughts change after I begin performing it regularly.

I have found away to make the vanish happen without that little move that is thought. I first draw my portrait darker than the presentation. This way if you start from the bottom go up nice and slow and back down the penny slowly there is no need for that fast lilttle move as tought.I always make any magic trick my own by simply trying different ways than were thought. Carefull where you perform this meaning don't do this on a wooden surface place a magazine down or use a magicians pad.

This is an amazing trick. Simple, requires no complicated moves or sleights. However, what is required is perhaps 30 to 45 minutes of practice just to get your routine down. My technique, for whatever it’s worth is to start out by using the eraser end of the pencil to point to the penny, paper and glass of water. Then, as I explain, “to keep an eye on the penny,” and that I’m going to trace the image of the coin onto the paper, I then turn the pencil end over end much like a baton so that I am in position to perform the tracing. I have found, that by maneuvering the pencil end over end in plain view does not draw suspicion because that’s what the audience expects when the magician explains he’s going to trace the image of the coin onto the paper. Certainly, you’ll come up with your own technique to fit your personal style. Bottom line: With a little effort, you will look good and your audience will be left speechless and befuddled.

I wish we got a video download. However, Peter does have a link for video instruction and assistance.

Without giving anything away, the risk factor is higher than I normally like in my tricks. I'm a 50 year amateur. It's probably lower for those that use mechanics often. I prefer low risk and self-working or gimmicked tricks. This one requires about two minor sleights or handlings. The strength of the trick makes the practice time worth it. I won't perform until I've mastered the routine. My audience is primarily friends, family, co-workers and at the bar.

I don't like to alter the tricks, but will attempt to do this trick with a pen instead of a pencil and without a glass of water. We'll see how it works.

Not for the lazy sleight of hand artist.

This trick is the Essence of GREAT magic. Simple, easy to follow and Fools the Sh#@t out of everyone, laymen and magicians alike. Dai Vernon said "A good magic effect should easily be described in one sentence.".....eg: "A penny is covered with a piece of paper the paper is lifted....the penny is GONE!" What could be more simpler than that? Peter Boie Has created an effect that is simple and will fool and enchant the most skeptical of spectators. Buy this trick! This man needs to be supported in the midst of all the "Crap" being released. Did Vernon also said that "Magicians stop thinking too soon." Peter has thoroughly thought this trick through. The method is amazingly ingenuis!
GET THIS TRICK!

Very clever. Easy to carry and perform. Almost "automatic" although not necessarily a beginner's trick. Highly recommended.

Impression Vanish is one of those cute little effects that has major magic potential. It's simple in its working, but the impact it has on spectators can be huge. No difficult sleights to learn, but it does require practice and timing to present it well. Some magicians would disagree and claim it can be performed minutes after receiving it. While that is possible it is not recommended. With any effect the magic is not in being able to simply do a trick. The magic is found in the entertainment value you bring to an effect. The entertainment value is found in the performance that you create around each effect. This trick is no exception.

There is a gimmick and it is clever. It's not difficult to do, but it does require good timing and a very casual handling for it to look great. Beginners may focus too heavily on having to try to hide the gimmick from the audience. Just handle the pencil in a casual and natural manner, without drawing any attention to it at all. It has one purpose in the minds of you spectators, to simply make an impression of the coin on a piece of paper. When that is done put the pencil away and never give it another thought. Out of sight, out of mind. Don't rush your presentation and have fun with it. Keep your movements natural and slow and focus on creating a fun and entertaining presentation. Do this and you will discover that this effect can be a real kicker and one that you can carry everywhere and perform any time.

Impression Vanish can be successfully performed by beginners and pros. I have been in magic for 54 years. I had my own touring grand illusion show for 15 years. I also had a close-up touring show for smaller venues. I design and build custom props for pros and I am a magic consultant having worked with some of the biggest names in the business. I have also been the producer and director of several major magical productions. I don't tell you this to boast, but to show you that even a small effect like Impression Vanish can find a place in any magician's repertoire, regardless of his experience. With practice and a good performance this can be a strong piece of magic. If you think of it as a simple trick that is all it will be to your spectators. Give them real magic. That is what separates the beginners from the pros. Learn this early in your magical journey and you can become a great magician.

Great trick, easy to do and stuns people. I like the method. You can end up clean also with a little effort.