Penny Synthesis Essay

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.

currency. From 1793-1857, there existed a coin called the half-cent ($0.005). When it was taken out of circulation in 1857, that coin had the buying power of today’s 13 cents, and an actual penny in 1857 was worth twice that (about a quarter in today’s money). The U.S. Mint did away with coin worth more than today’s dime, so why can’t we relinquish the penny? The purpose of a lower denomination of a currency is to split our money into manageable parts, so that something worth between x and y cents can be bought fairly without over or underpaying. However, nothing reasonably exists in any (U.S.) market today where the difference of +/- 4 cents makes a significant difference. Any difference greater than 4 cents can be handled by the nickel, dime, and quarter. To be fair, the penny once was a logical denomination — a 2.50$ coffee equivalent in 1900 would have cost you 0.09$, and here a penny constitutes a whole 11% of the price versus 0.4% of the price today. But when you have prices that have increased 2,568% over the past 110 years, the penny no longer proves itself a viable unit of

A third reason why the penny should be abolished is because it is a time waster. When making a purchase and an annoying penny is needed, precious seconds are wasted digging in pockets or purses. In a culture where time is money, why is an annoyance like the penny still used. The penny is a timewaster and its use and production should be halted immediately.

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

First, the penny cost too much to make. In the first source it says, “Pennies cost to much to produce than they are worth.” This quote says why make something if you are not making any money on them. Also the first source said, “ After the pennies are made they have to get

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 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.

Americans have been using the penny every day for over 200 years, so how could Americans just abolish it now? The penny has been an important part of our history in the United States. It still shows the face of Abraham Lincoln, a very important president, and civil rights activist who wrote the Gettysburg Address, and abolished slavery. Abolishing the penny would lead to economic problems, and harm several charities in the United States. If 68% of American adults favor keeping the penny, then why abolish it? Plus, another 73% of Americans are afraid that if the penny were abolished, we would lose millions of dollars to merchants due to rounding (Penny Charity). Americans should keep the penny to avoid many difficulties, and maintain our long

President Lincoln who is a great model of the USA, " would be ashamed to have his face on this specious specie"(Source C). Why would they put the face of a great president who did good things in the US on a piece of copper that has no value what so ever. He will feel no gratitude toward the country by repaying his hard work in a non-valuable piece of copper that should be helping but its really not. As years pass by, the economy is changing by how much money is worth by stating that, " you can't buy anything with a penny any more"(Source C). The penny was worth more back then but now you can't even buy a piece of gum with it. If the penny can't even buy a product why keep it around, its not like its being used. It can also be said that, " Two-thirds of them immediately drop out of circulation" (Source C). Meaning to say that approximately sixty-six percent of pennies disappear or just end up in a place where it will eventually be

“ After 2009, the “tails” side of the coin will feature “an image emblematic of the president Lincoln’s preservation of the United States of America as a single and united country,”(Source F). When we look back at history one of the most memorable president is Abraham Lincoln. Abe being on the penny is big deal because our currency carries important people in history. So taking away the penny would be taking away american pride from the citizen in the US. Abe Lincoln impacted was so big, we gave him a coin. That is saying a lot and taking the penny away is very disrespecting to Lincoln. Let's put it into perspective, why don’t we take everyone off the currency, there would be outbreak in the US because those images represent important history to citizens. Plus little bonus the penny is used by everyone and Lincoln’s legacy leaves on. “ For the first time, a U.S. coin depicted a real historical figure rather than the allegorical liberty figure,”(Source F). This was big piece into our future design of coins because they first tried out lincoln on the penny and people enjoy the design. Our currency should have meaning behind each one especially if it's our history. It shows our pride in ancestry. Without Lincoln we would not be the same. Now let’s head over to more reasons why penny should be

Getting rid of the penny is good for the economy because it would save the government on average 60 million dollars a year. Evidence that supports this claim is, “Pennies may not be big money, even if you add them together. But we are paying a cost for the privilege of squirreling

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.

Throughout the course of American history, many things have come and gone, but one of the few things that remains is the Lincoln penny. There have been multiple changes such as materials, design, and cost of the penny due to different circumstances.