Abolishing The Penny Essay

To begin with, pennies aren't the only coins that cost too much to make. According to Jeff Sommer, who wrote the article “Penny Wise,or 2.4 Cents foolish?” he states “Each

The penny debate has been going on for many years. Many people want to get rid of the penny, but others want to keep the penny. We should keep the penny. The penny is a benefit in our society.

"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

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.

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.

“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.

The penny is important to many because it can help with charity , sentimental and historic value.

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.

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.

Washington Middle School (WMS) Raised over 3000 dollars in a week just from a penny drive. Many people,schools, etc. do penny drives for charity, even though the penny cost 1 cent doesn't mean it's useless. As Michael Cooper, an eighth grader said, “If you asked for my quarters, I would have said ‘no’ because I use them for video games. Pennies don't really matter much, so I was happy

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

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.

The primary reason to abolish the penny is cost. It costs about 2.4 cents to produce a penny according to the U.S. Mint. Furthermore, we must not forget the costs that come from the employees who work to manufacture our pennies. It doesn’t make any logical sense to produce something that means

Many Americans find themselves in a penny-handling situation. The average American spends 2.4 hours a year handling pennies or waiting for people to handle them. Cashiers wait 30 seconds at most to get the exact change. Citizens to Retire the U.S. Penny mentions a study done by the National Association