Pennies: America Should Exclude The Penny

Even if there is a slight impact, it will be insignificant. In source 2, “ he does not believe it will have a significant impact on prices”. If we ban the penny, we wouldn't be the only one. In source 1, “they are worth so little that many canadians don't bother to use them at all”. Banning the penny will save time for everyone. In source 2, “a study shows that time wasted counting pennies could add up to $700 million per year nationwide”. In total, if we ban the penny, the impact will be do not significan, that we wouldn't even realize it's

"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 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

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.

Finally a fourth reason why the penny should be abolished is because its production cost exceeds its face value. The U.S. Mint is losing money, as it costs 1.5 cents to manufacture a one cent penny. This results in the U.S. Mint losing millions of dollars per year. For example, in 2016, the U.S. Mint lost $46 million dollars by producing pennies. This makes no sense logically. Why would you manufacture a product that you can not make a profit

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.

In source D, Weller reiterates that the penny holds an important factor in maintaining the pricing system. Also, mentioned in source A, the elimination of pennies causes the prices of products to round up or down to the nearest nickel. Store owners would use the elimination as an opportunity to gain more profit by rounding prices up. The government also has an advantage over the removal because taxes would increase as a result of nickels becoming the least valued coin. However, the nickel becoming the least value coin also has a downside as it costs around ten cents to make a nickel whereas it costs about two cents to produce a penny. Also, by eliminating the penny and allowed the nickel to become the least valued coin, gas prices would go up and the price of gas is already extremely high. Americans would have more stress put onto them by worrying about the rising prices of basic necessities. Both source A and source D unveils that although people may perceive the penny as valueless, it keeps the American pricing system

Pennies are an important part of our past and they will be in our future. Pennies are a good thing to help with Contributions to Institutions. The penny would make a difference in your change. You would have to round up 5 cents. The penny is very important cent and we need

There are many reasons why the penny should be banned. America should not use the penny because it is useless. Though, the penny does have a lot of advantages, like the history behind it. The pollution being put off when making the penny is bad for the environment. All in all there should be no more penny for a number of reasons.

We should get rid of the penny. It cost more to make a penny then it is actually worth, the penny is worth 1 cent and it cost the mint 2.41 cents to make just one penny according to source 1. This would also make the U.S. millions by saving 1.4 cents per penny if we get rid of it. Some people might say, “we should not get rid of it because Lincoln is on the penny and he will be forgotten”. Well I think not, because we already have tons of documents about him and there are statues of him as well. We should get rid of the penny, because most people just forget about the pennies and put them in dressers according to Jim Flaherty, the Canadian Finance Minister. We also just throw pennies into wishing wells or water fountains.

I think America should get rid of the penny. We should get rid of it because it costs too much money and no one cares about it anymore. We should also take away the penny because the cash register person takes too long to count the money. The penny is too old now. “Good Bye

In the article of ,” Should the Penny Be Retired?” by the Associated Press states that many countries and more have deemed the penny useless and therefore got rid of it. Many people around the world especially in Toronto say to the penny that,” They’re a nuisance and have outlived their purpose. “While many are for getting rid of the penny all together there are still some people who are for keeping the penny around in fear for store managers rounding up to a nickel or a dime. In my perspective I believe that the penny is still valuable for many reasons even though the worth of it is small.

Pennies have been around for over two-hundred years and have made american history. Pennies have invented all sorts of idioms and have shaped the currency of America. If you don’t believe this and you are one of those people who want to get rid of the penny,stay and read and maybe this will change your thoughts to the right mindset. Why should we keep the penny,some people ask. People are accusing the penny of inflation.

Pennies. . .to exist or not to exist? That’s the question for these small coins. The debate about the one-cent coin is still going today, such as should the penny be banned? If not, what are the consequences? Will it affect our lives in such a way as getting rid of the dollar would? [Although, we’re not doing that. The dollar is too important.] This debate has lasted for far too long, and it’s time we pick our sides. I would ban the penny. For one, it’s way too costly. The penny is also a waste of space, a tremendous waste of space. Finally, it’s just a waste of time to count all those pennies for hours and hours. . .