The Importance Of Saving The Penny

As illustrated, by Maria Story “ The one-cent piece, commonly referred to as the “penny” has been apart of United States history for over two-hundred years” (Story). As can be seen, the American penny has been around for centuries. Who’s to say that phasing out this coin won't affect America? To dig even deeper, Story describes how the penny has affected the U.S. “ The history of the penny reveals more than just a coin-it exposes a piece of American culture. The one-cent piece has influenced our languages…” (Story). As noted, the penny has not only shaped America's culture, but the language too. Taking away the penny will tear a piece of American identity. To conclude, the penny should remain a part of U.S. economy because of its influence in American language and culture.

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.

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

Should we keep the penny? The US has been considering abolishing the penny we should keep the penny because of the History and it's valuable to charities and sentimental value

The United States should get rid of the penny because it is people are not using them, cost too much, and other countries have already dropped the penny. The United States should get rid of the penny because we never use it, it cost to much to make and other countries have already dropped their penny. So if the United States gets rid of the penny it might affect the price in a increase but it also might affect them in a decrease so no matter what over this topic the world will not end and we will be

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.

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

There are many more reasons as to why the penny should be kept, such as the fact that it is a reminder of Lincoln’s history in the U.S., but why expand on all of those when it is already obvious the penny should be kept in circulation. Yes, perhaps the penny can be seen as worthless and a waste of currency, but it holds a lot of worth when you add up that it is liked by the public, that it aids in providing jobs, and added with other pennies, it really can be worth a lot. Besides, how could America give up their lucky penny? It’s lucky for a

Many people think we should remove the penny from the American currency, should we? In my opinion we should not get rid of the penny. Pennies tend to have a lot of sentimental value. Pennies also add up when in numbers. There's a risk that stores will not be fair in rounding.

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.

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 United States shouldn’t abolish the penny because the United States can change the material of the penny and lower the cost to make a penny hugely.

From the text “Penny Anti” by John Fund, Fund states that pennies have been a big time and money consuming thing for the US government. From the text Fund say “. This year, the U.S. Mint will churn out 4.3 billion of them, more than twice the annual output of all other coins combined. Because the penny costs more than a cent to produce, the Treasury loses more than $100 million per year on the coin's production.” giving a perfect reason why we should get rid of