Pennies Should Not Have A Penny

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 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 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.

Is the penny real relevant in our economy? There is no real need for the penny. People think pennies are a waste of tax money. Other people think that penny's are a good thing. Pennies should no longer be made because they cost more money, wastes money, and It's easier to pay.

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

There are a lot of reasons why the penny is useless. The cost of products isn't 1 cent, there are other coins for a reason. For example, 1 cent isn't enough to buy anything. Another reason why the penny is useless, is the penny has lost popularity over time. The penny used to have some popularity, but now nobody really cares about it. There was a store in the 1980s that you used pennies to buy, but it's gone now.

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.

How many pennies do you have just lying around the house, not being used? I can answer that, TOO MANY! The use of pennies should be discontinued in the United States. Pennies are more trouble than they are worth, literally. They are costing the United States more money than they are even worth.

Is a penny saved really a penny earned? Well not much longer it isn't, people think that we should discontinue the penny from our current day system. In my eyes i see the penny as a waste of time and a waste of money.There has been talk lately about discontinuing the minting of the us penny,and after reading all four articles it's hard to say that we should keep the penny: “Penny Wise, or 2.4 Cents Foolish?” (Source 1), “Is the Penny Worth It?” (Source 2), “Give a penny-Save the day!” (Source 3) “The Ever-Changing penny” (Souce 4). In my opinion we should discontinue the U.S. penny because it is costing us too much to produce pennies and the cost to produce it is actually more than it's worth, many countries have already dropped the pennies and it's going just fine for them, there is already a plan for when we are going to discontinue the pennies, so we are prepared.

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.

Whaples, an economics professor at Wake Forest University. I’m sure that I don’t have to go into detail about how this affects the United States economy. In situations where we generally use coins like pay phones, parking meters and vending machines pennies are not acceptable forms of currency. So the question that we must ask ourselves is was Benjamin Franklin wrong when he said, “A penny saved is a penny earned?”

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.

Another reason we should not have to penny is because most people just throw away the penny. The Baltimore Sun article also says that “people that run landfills say they find about a thousand a year” (Hirsch). This shows that people don’t care about the penny and they are just throwing money away. Since people can’t buy anything with a penny anymore, it is useless

To discontinue the minting of these coins would mean better prices and a better economy. Furthermore, pennies cost more than their value to create, leading to more debt for each impractical coin minted. Despite being a trademark piece of currency, the most opportune option would be the abandonment of pennies. The United States should eliminate the penny because they are causing inflation and the results would be extremely beneficial.

Pennies do we really need them? A Lot of people say they don't and just don't use them bc they take too much space for example canadians there is a lot of canadians that just don't bother to use pennies because they think it's a waste of time.