A Speech About Pennies

For those that agree, with phasing out the penny they will argue that it cost more money to make and mint the pennies than what they’re worth. However, Ted Waterhouse begs to disagree. According to Ted Waterhouse “ Last week, Washington middle school hosted its annual Penny Drive… they raised over $3000 in one week” (Waterhouse). As shown, it took one week to raise $3000! Imagine how much they’ll raise in two weeks or even a month. To summarize, pennies may be small and worthless by themselves but when you add them together they are a powerful group.After All, there are power in

The United States needs the penny today so they can get exact change. If someone owed three cents how do they pay it? The person would need a nickel, but they wouldn’t get two cents back in change. People would have more coins of higher value. If someone bought something for $1.97 they wouldn’t get change back, because there would be no pennies.

"The Penny Debate " by Brad Andrew is an article written to inform Americans about an ongoing conflict. Both sides are supported with good reasons; However, I think It would be beneficial to keep the penny. Based on the article, which implies that fellow Americas would lose much more than we're gaining. Things such as; Getting rid of the penny, Charities ran on coins will lose profits, putting U.S. Mint further in debt, and prices would rise. Many may think that eliminating the penny will be a plus, but aren't looking at both pros and cons in-depth for future references. Rather than getting rid of the penny altogether we could use a cheaper metal to produce

However, these people who have claimed this is unaware to the merchant technique of $9.99, which seems to be psychologically important; to keep that extra digit, $10.00, from showing up and scaring the customers away. And if we do, indeed, eliminate the penny, merchants would find another technique, for example, decrease the price to $9.95, to not increase the price an extra digit. But I say, the realistic idea and goal for eliminating pennies is because their feeble purchasing power means dealing with coins and making change to the nearest cent is an uneconomic waste of time for the nation as a whole, because majority of us are affected by it.

The penny must be eliminated as quickly as possible. The United States is in massive debt and instead of cutting programs which are vital to the economy and to citizens of the United States, the United States must find ways to cut expenses in parts that are often over looked. One great way to cut down on unnecessary spending is the penny. Believe it or not, the penny, the smallest denomination of currency in the United States is a huge waste of money. The one cent denomination has no use. You can no longer “buy anything with a penny” anymore. (William) The only use the penny has is to pay for the taxes, which, can be rounded off to the nearest nickel thus obliterating the need for a penny.

“Penny candy” and similar selling strategies or products do not exist anymore. Not to mention what used to be worth one cent forty-five years ago costs ten cents today. Over time the value of the penny has depreciated with inflation rendering them useless. Furthermore, since the penny cannot function on its own in a purchase the production of the penny is pointless.

Should we keep the penny? The US has been considering abolishing the penny we should keep the penny because of the History and it's valuable to charities and sentimental value

The continuation of minting the penny is costing the U.S more than it should, additionally many other countries have already given up their lowest cent. Production cost is a huge deal and is costing the government and taxpayers money. Many countries, including the military dropped the penny. So why shouldn't we?

Pennies should not be made anymore. The penny costs more to make then they are worth. It’s not worth carrying around, it’s to bulky. The penny could round prices down.

In source number 1 it says, “ We often throw them away in water fountains, throw them in jars, or refuse them as change.” This quote means why make a coin if all we do is throw them in jars, or refuse them as change, and just throw them in water fountains. Also, “We have penny drives to get rid of them sense people don’t want to get rid of quarters and dimes.” This quote says why make something if all we are doing with it is using them as loose change or just giving them away.

In America, there is still a debate if the penny should be eliminated. If it was to be eliminated it would still be used, but in a minimal way. In Canada, the Canadian penny was eliminated due to cost, time, and the country believed it was a waste of money, “inflation reduced its purchasing power by 95% since it was first minted domestically in 1908: back then the cent could buy goods of the cost of $0.20, today in other words.”(The Economist). Once a small coin can no longer be used to buy individual items at that price, but it is only used to make change, it becomes more trouble than it is worth. Canadian pennies cost “1.6 Canadian cents to manufacture, and the government expected to save $11 million a year by eliminating them”(The Economist). But that sum equivalent to 0.0006% of GDP is small change. Canadians feel that eliminating pennies is that their feeble purchasing power means dealing with coins,

The U.S. penny has been a standard in our currency system for almost as long as our country has existed as a sovereign nation, but due to inflation, production costs, and the changing times we live in, it is no longer a sustainable unit of currency and only serves to increase our national deficit and waste our time. When the penny was produced for the first time in 1792 by the U.S. Mint, it was made of pure copper, featured a woman with flowing hair, and was inscribed with the words “Liberty”. Since then, the design and composition have changed numerous times to reflect our changing nation. Despite its fading glory, the penny has been kept alive by numerous false lobbying fronts and a stubborn ideology, but

Money is the crux of society. Without it, anarchy would break out. Bargaining would fail as people would claim the trade wasn’t fair, thievery would explode across the globe, lazy people would do nothing, and people wouldn’t have motivation to do anything but help their own family and selves. Yet, while everyone knows money is important, is ALL money important? For centuries, the penny has been part of American currency. And back in the day, it served a great purpose. Pennies could buy candies, breads, and many other things all on their own. But as time has changed, so has the value of the penny. As costs went up, the value of the penny went down. And with its lesser value, some people wonder if it’s even worth it to keep the penny around. But the answer to that little puzzle is as easily seen as a jigsaw meant for four years olds is put together. The penny must be kept.

Many penny supporters think there is not an inflation with the economy. The cent doesn't buy anything in today's market. It is merely a token used to make odd change during cash purchases. The customer may have to use the, "Leave a penny, take a penny" bowl next to the cash register for correcting the balance. The penny can be put back into the bowl if the customer doesn't accept the return of pennies. It is neater than throwing them on the ground

This is why people think we should keep the penny. First of all, customers benefit from having a low-denomination coin. If we get rid of the penny it would make goods more expensive. Charities raise a lot of money from pennies. Also, 75 percent of America thinks