Compare And Contrast Essay On Dollar Metal Coin

Between 2001 and 2006, there has been an increase of .6 cents for the reproduction of the penny. This increase displays economic problems that may lead to fatal ones. The penny is composed of 2% copper and 98% zinc. These elements are exponentially in demand causing the price of these materials to skyrocket. Many Americans think the penny is putting our country in jeopardy with financial losses. This meaningless coin is losing money for the mint, and should be abolished.

of the Indian textiles, that the flow of the silver bullion is very conflicted because

Though some parties may claim that the penny holds value to the United States, majority of the arguments presented are invalid or out of date. Examples such as the man who has saved “90 pennies a day” (Source B) are an extreme case that cannot be used to argue for continuation of the penny. In the average lifespan of an American denizen, it is improbable that one will have the time to collect this many pennies. In addition, on order for this man to reach his grand total of $13,084.59 took about forty years, making this argument illogical as the process is time consuming and one can save even more by simply collecting larger denomination coins. In addition, arguments made those countries such as the “EU … and Canada” that have kept their “penny”

The issue on the table, the penny. This has been a problem for some time. Should America stop minting the penny? Canada did it, so shouldn't we? The simple, more effective and reasonable answer is to keep the penny. The penny has history, it can be given to a good cause and it has sentimental value. Just because a few people do not see why the penny is important does not mean we should whisk it away. There are simpler answers.

You find them behind couch cushions, in the pair of pants you tossed in the laundry, or most often, just sitting in a jar—pennies. This one-cent coin has been in circulation since the late 1700s, but within the last 10 years, they have become more costly to produce than they’re worth. This has led to discussions about whether we should keep the penny, or drop it to save money. After hearing both sides of the argument, it only makes sense to stop producing the penny, benefiting everyone who has been using these outdated coins.

When's the last time you used a penny? Most people rarely use them, but the US mint makes nearly 7.5 billions pennies each and every year, but for what? Some say pennies have been around too long and you can't just get rid of them, however when you take into account that the penny costs more than it’s face value then you might change your mind. It’s time for pennies to go, on average all the pennies we make cost the US almost $900 million per year. Now this cost isn't even including the time, fuel, expenses, and the hassle of shipping all these pennies to the banks, just for everybody to throw them in a penny jar.

In 1864, the first pennies were made. In 1909, they were made with Abraham Lincoln’s face printed into it, in honor of his 100th birthday. That was 108 years ago, and pennies are still going around today, with the same president still printed on. However, many U.S. officials are saying the penny should be obsolete. More believe that the little copper and zinc coin should stay as a piece of U.S. money. This essay will give evidence on both sides, supporting them equally in their arguments on why the penny should stay, or go.

Pennies are everywhere. From the bottom of fountains, under the ocean, and laying aside roads. The majority of these coins will continue to sit there forever. Is the United states really going to waste our money like that? A large debate has been going on in America, should the United States continue to make pennies or should they be demolished? Pennies should no longer be made in America.

Pennies we can’t live them, but we certainly can live without them. The penny is not an important part of the United States tender. When people dream of money the immediate thought goes to paper money. The coins that are produced are an important part of how inflation in the country works but only to a certain extent. The penny cost is 1.7 cents according to the 2014 fiscal year. This seems like an inefficient waste of resources when the penny is only worth 1 cent, this allows for more of the production cost burden to be put onto the sellers. The penny is one of the coins that consumers are known to throw out or disregard. People do not tend to save pennies to gain profit. Money that is worth something, but isn’t being put to use.

Have you ever been walking and come across a penny, face up? You pick it up and suddenly you feel like the luckiest person in the world. Despite, its small value the penny has made a big impact on America. The United States has had a debate for years about the decision to include pennies in U.S currency. The distribution and manufacturing of pennies should continue in the United States.

A penny for your thoughts? Well, here is my two cents: the American penny is practically worthless. According to the 2014 Biennial Report to Congress as required by The Coin Modernization, Oversight, and Continuity Act of 2010 (Public Law 111-302), between 2011 and 2014, “. . . the production cost of the one-cent coin (penny) has decreased 31.1 percent to $0.0166 from $0.0241” (Report 2). While the cost of production has gone down, it still costs more to produce a single penny than that penny is worth when used. The report even admits that “There are no alternative metal compositions that reduce the manufacturing unit cost of the penny below its face value” (Report 11). So why keep it? The penny is a waste, and while it has a long history,

There are many historical sites in Colonial Williamsburg, such as Bruton Parish Church, Capitol, Governor's Palace, and the Magazine. The problem is only one of these four structures can be put on a commemorative coin in honor of the building's importance. A selected framework that should be on a coin is the Magazine. This is an edifice that should be on a commemorative coin because it is recognized for its outlived purpose. Not a lot of typical communities know it’s superb past. It doesn’t have the elaborate structure of the Governor's Palace however, it should be on a coin because it was of great significance for our independence.

Canada has gotten rid of the penny because of the cost to produce them and it has saved them about $11 billion per year. Imagine all of the money the U.S could save just by eliminating the useless coin. Research shows that it wastes time to produce pennies which furthers my reasoning for eliminating it. On average, the U.S mint makes

The use of having Polymer Banknotes impacts greatly on both the environment and the society. Polymer Banknotes proves the accomplishment of the Australian society as it has a remarkable significance, which carved the economical capabilities of the Australian population in the 21st century. These banknotes have many properties, they are tough, cheap, flexible, non-stick and waterproof. Due to these properties, it makes the banknotes last 3-5 times longer than paper notes and is easily recycled (environmentally friendly) conveying that we produce less notes overall. It is also proven that polymer banknotes carry less bacteria than paper notes making it more environmentally cleaner. Furthermore, the polymer material reflected an intention that

Coins have a long history, going back to roughly 600 BCE, and the methods have changed overtime. While ancient methods of minting coins has changed, the core mechanic remain the same.