Should Pennies Be Eliminated 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 United States either seems to be unaware or choose to be unaware of every other nation not only eliminating pennies, but some also eliminating coins, even their neighbor Canada. It's true our past have taught us a lot and brought us here. We can't turn our backs on our past as a nation because we have to reflect back in order to move on, successfully. However, in the case of this nation, our past is in our way of moving on, the sentimental attachment to the penny will lead us astray if we hold on to it. Other countries have eliminated pennies because it's both a waste of time and money, so I suggest we do the same. Instead of eliminating the penny to make a greater use of the

In 2011, it cost 2.4 cents to produce the penny. The penny was first minted in 1857. It cost 2.4 cents to make the penny. Also the United States loses 1.8 cents for every penny being made. In conclusion we should get rid of the penny. The United States should get rid of the penny because it is people are not using them, cost to much, and other countries have already dropped the 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.

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

To begin, nickels cost more than pennies. An article on The Spruce says this: “[The] Mint can make 5 pennies and still lose less money than making 1 nickel” (Headley). This quoted information is basically saying that it would cost less for five pennies to be made compared to just one nickel. The cost difference is actually about 1.4 cents, which doesn’t seem like much, but it may become a larger problem when the money amount adds up in the end. Furthermore, if the penny were abolished and the nation would be stuck using nickels, then the Mint would lose even more money. A popular argument for the abolishment of the penny is that it wastes the money for the Mint. This is partly true, but if the pennies were entirely eliminated, more nickels would be in demand, which would cost the Mint more. Twenty nickels, which equals a dollar, costs about $1.54 to make, compared to a dollar amount of pennies, which costs $1.26 to make. With all the pennies abolished, the number of nickels made would have to double, which would subtract more money from the Mint, leaving them with even money savings less than before

“Oh my god! Pennies should be rid of!” This is around the same quote you will come to realize is stuck in your head. The must get rid of the penny because it is expensive and has almost no value. In addition, it costs more than one penny to create one penny. The penny is also nearly unusable. Besides, all people do with them are keeping them in jars or carrying them around, not being able to use them because they get declined by several types of machines. For these reasons, pennies are worthless pieces of copper we can’t invest on.

Pennies cost more than they are worth at 1.4 cents per penny and 2 cents to distribute, meaning if you were to melt down the material of a penny and sell it; you would profit, this also means when the government produces pennies we are actually losing money, last year the penny robbed taxpayers of $115 million dollars to subsidizing penny production. You might ask why we don't just make

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 worthless. According to the spruce.com, “They don’t buy anything, many people just throw them away, and nobody wants to use them so let’s just get rid of them”. Charities need pennies. According to the spruce.com, “Many small charities depend on penny drives to bring in donations”. According to the spruce.com, “People think nothing of pouring out their old penny jars to support these drives, but they won’t part with nickels s easily”. Most Americans use pennies to pay for most of their stuff and donations.

Pennies should no longer be made because they cost more money than its actual value. In source 3, states, “ A penny currently costs the United States government 2.4 cents to mint.” This shows that pennies cost more than there actually value. this show that because it says that they pay 2.4 cents to the mint to make pennies. In source, 3 it says,” Department of Defense agrees. … abolished the use of pennies at overseas military bases ... because pennies were considered “too heavy” and “not cost-effective to ship.” This shows that even the military finds the pennies useless also. In other words the military said that there too heavy and it's not cost effective to the ship. All in all, pennies should no longer be made because they cost more money than its actual value.

The penny costs more to make than it is worth. For example the article Should we get rid of the Penny 8 Reasons to Keep it vs Eliminate it says,”According to the 2014 report from the US. Mint, it now costs about $0.017-or 1.7 cents-to make one cent.” The government actually lost over $55 million making pennies in 2014 alone. It also takes a lot of energy to make pennies, which costs money to. We should get rid of the penny because of how much one costs.

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.

The three reasons to keep the penny in circulation has to do with the culture that is behind the penny, the added cost to the consumer and the history that is shrouded in the Lincoln penny. In Source 1, it states “On average, the customer will lose two and a half cents in each transaction.” This means that if the penny is taken out of circulation consumer will lose 2.5 cents a transactions. On Source 3 it also states “In truth, it is more than a coin—it is a piece of American culture.” This shows that the coin has evolved to be more than a coin, it has become a part of American Heritage. Also in Source 2 it states the “first penny in the series was created to commemorate the 100th anniversary of Abraham Lincoln's birth. His face has remained