Abolish The Penny Essay

As illustrated, by Maria Story “ The one-cent piece, commonly referred to as the “penny” has been apart of United States history for over two-hundred years” (Story). As can be seen, the American penny has been around for centuries. Who’s to say that phasing out this coin won't affect America? To dig even deeper, Story describes how the penny has affected the U.S. “ The history of the penny reveals more than just a coin-it exposes a piece of American culture. The one-cent piece has influenced our languages…” (Story). As noted, the penny has not only shaped America's culture, but the language too. Taking away the penny will tear a piece of American identity. To conclude, the penny should remain a part of U.S. economy because of its influence in American language and culture.

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

On top of not having a use, the penny is a big waste of time, literally. Gore, a graduate student at the University of California at Berkeley has made a calculation that approximately “four hours per person per year” is wasted on rummaging for pennies which in turn costs the nation “over $15 billion per year.” (Kahn) These $15 billion could be used to create jobs, invest in renewable energy, or invest in education, all of which would greatly improve the nation while at the same time getting rid of a pointless coin.

The Penny is essentially a vital part of our money system. There has been many speculation about whether or not the United States should abolish the penny from being minted any longer. Although the penny has been a part of the American culture since 1787, it has such a small value, it will always be a part of American history. So as the years go on we should realize that the penny is everything to the United States. The penny should not be eliminated from the money system due to the fact that it is a part of the American culture and has earned its respect over the years.

“A penny saved is a penny earned,” to quote Benjamin Franklin. Unfortunately a penny saved is not worth a whole lot anymore. Like many other once useful things the penny has become obsolete. The production and use of the penny in the United States monetary system should be abolished.

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 United States should get rid of the penny because it is people are not using them, cost too much, and other countries have already dropped the penny. The United States should get rid of the penny because we never use it, it cost to much to make and other countries have already dropped their penny. So if the United States gets rid of the penny it might affect the price in a increase but it also might affect them in a decrease so no matter what over this topic the world will not end and we will be

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.

The penny,has history, and it can help with charities, people are trying to get rid of the history and more that the penny has made through the 200+ years. Even though the penny costs more than its own value it can change the world. It has made many different communications though the world. Although the penny cost more to make then its price, the penny should stay, to help with charity,A middle school raised over $3000 in a week from a penny drive. The Penny also shows world history because of how long they’ve been around.

The penny is practically worthless to many people in our country. In a Gallup Poll of 1,002 adults conducted from June 11 of this year displayed shocking results. Nearly 75% of those adults would stop and pick a penny that is present on the ground. About 40% of men and 35% of women would walk passed a penny that is on any type of surface. This poll also found that 58 percent of Americans stash their pennies in piggy banks, jars and drawers. Some Americans redeem their cents at banks or coin-counting machines, but 2 percent admitted they toss them into the trash. They consider the penny a nuisance to many fellow Americans. This sentiment has been growing through recent years. The penny is basically obsolete and should be removed from American currency.

Plautus once said “You have to spend money to make money,” a quote made painfully true by the penny, a coin worth 1/100th of a dollar. The penny’s story starts in 1792 with the first U.S. Mint which produced the dime, quarter, nickel, penny and half penny which we will get back to later. Pennies were originally made of 100% copper, however, as prices of copper rose they soon started to make pennies out of 95% zinc and 3% copper, which is how they are made today. Soon after this, the raw material of pennies began to cost more than the penny itself was worth, therefore people began to melt them down and sell the material for profit. When this occurred, instead of the government getting rid of the pennies all together and being happy citizens where removing them from circulation they made melting the currency down illegal and continued producing 4 billion pennies a year! You can find these tiny useless coins anywhere from in your couch cushion to on the sidewalk. The reason we should stop minting pennies is that they cost money, waste time, are bad for the environment, and they are useless.

America should not kill the penny because getting killing the penny would be like cutting off your hands. America needs the penny so they shouldn’t get rid of it. According to the spruce.com, “The penny is a very sentimental coin to most american due to Abraham Lincoln on it”. The penny would have to be rounded up to the next cent which is the nickel.

What would we do with the 250 billion pennies in circulation? That means that 2 to 2.5 billion dollars would be wasted, and worthless. 2.5 billion dollars could be used to help several great causes. The average penny costs 1.67 cents to make so that means that approximately 417.5 billion dollars will be wasted if we decide to abolish the penny (7 Penny Facts). That would make a substantial difference in the lives of many people. Today to try to keep costs down the penny is made from 97.5% zinc and a little copper just for the appearance (Lewis). Many people that are against the penny say that we should get rid of the penny because, “it costs more money to be produced than what the penny is actually worth.” The truth really would be that it wouldn’t save the United States any money. An economic problem would actually arise (7 Penny Facts). What happens if you go to the store and spend 5.01? You would end up getting charged 5.05 and the businesses would take the extra 4 cents. This small amount would add up very quickly and everything would cost consumers more money each time you go to get gas, groceries, clothes, etc. More money would also be put towards producing more nickels, dimes, quarters, or other paper bills because they would get used more often. Also, all of the cash registers around the entire country would need to be re-programmed, due to not having the penny values. This would cost billions of dollars. So, abolishing the penny would not save money but actually lead to a lot of other costs all related to abolishing

Another key point to eliminate the penny is that it is not convenient for the average person to carry or use. “The National Association of Convenience Stores estimate that handling pennies adds 2.5 seconds per cash transaction.”(Tierney). This shows that the penny wastes more time than is needed to make a simple cash transaction. Also, if someone drops a penny onto the ground most people don’t see that it is worth their time to pick up, proving that the penny means nearly nothing to the average person. Most people today sees pennies as a nuisance and not worth the time to carry. People today use debit/credit cards to purchase most things which renders the penny pointless since no one wants to use except in a last resort. Today charities and