The Importance Of Saving The Penny

"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 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 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

When's the last time you used a penny? Most people rarely use them, but the US mint makes nearly 7.5 billions pennies each and every year, but for what? Some say pennies have been around too long and you can't just get rid of them, however when you take into account that the penny costs more than it’s face value then you might change your mind. It’s time for pennies to go, on average all the pennies we make cost the US almost $900 million per year. Now this cost isn't even including the time, fuel, expenses, and the hassle of shipping all these pennies to the banks, just for everybody to throw them in a penny jar.

Have you ever had the struggle of having tons of pennies overflowing out of your pockets? Do you just have a mountain of change consisting of mostly pennies gathering dust on your dresser? What if there was a way to stop adding pennies to that useless pile of change? We can work together to make that happen. We can get rid of the penny completely. Even though the penny has large sentimental value in the US, the small, brown coin still costs more to make than it’s worth.

The pennies production cost is worth more than the penny itself, It would cost less to just eliminate the penny completely. Pennies cost everybody money, including taxpayers. Even though production costs are slightly lower today, the penny still costs the United States over 1.8 cents to produce and costs 60.2 million in the year of 2011 (source 1). The 60.2 million dollars that's used for a coin a year can be used for better things in the world, like charities. Pennies are worth so little, but costs so much. We would be saving a lot of money by not producing pennies at all. Pennies will still be around, but no longer minted. The production cost of a penny adds up to a lot of money a year basically wasted.

The further we continue with Pennies, The U.S Government and taxpayers are losing tons of money on production and distribution. From Source #1 by Jeff Sommer he states, "The United States governement -- that is, the taxpayers -- lost $60.2 million on the production and distribution of pennies in the 2011fiscal year, the mint's budget shows, and the losses have been mounting: $27.4 million in 2010, and $19.8 million in 2009. " Meaning, that the cost and making of the pennies is costing taxpayers and the government to loose more money everytime. Everytime they make pennies the amount keeps climbing higher and higher. While this is one of the reasons why pennies shouldn't be used anymore, there are many other reasons why Pennies should no longer be produced.

The shiny deep chocolate brown colored coins that we may all tend to use on the daily are in consideration of being eliminated by the US Congress from the United States currency system. Although the possible elimination of pennies may mean more to some than others, it does not mean that pennies should be fully removed from the United States currency system. It just does not seem reasonable to remove a coin that is used by many American civilians each and every day. For starters, pennies can be used for many good causes and to help many different people. At Washington Middle School, a penny drive was held to donate to charity and as a result, $3000 was raised in just one week.

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 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.

The US also should get rid of the penny because it cost 1.7 cents to make,but it's only worth one cent. So the penny is way more money to make than it's actually worth. Pennys are one of the most expensive coins to make but are used the least amount. Most people don't even use them then why do we have them.

"Goodbye, Lincoln penny. You served us well but your time has passed" (Whaples). The penny has been nearly worthless for some time and its elimination has been subject to quite a large amount of controversy for the past few years. However, it may finally be time for President Lincoln to stop being minted. The penny costs about one and a half cents to make, causing inflation and making pennies seem like a waste to mint. Also, if pennies were to disappear, prices would be rounded up or down to the nearest nickel, allowing both distributors, producers, and consumers to save more money over time, not to mention the estimated $300 million lost in the time American citizens spend attempting to use pennies.

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.

In America, there is still a debate if the penny should be eliminated. If it was to be eliminated it would still be used, but in a minimal way. In Canada, the Canadian penny was eliminated due to cost, time, and the country believed it was a waste of money, “inflation reduced its purchasing power by 95% since it was first minted domestically in 1908: back then the cent could buy goods of the cost of $0.20, today in other words.”(The Economist). Once a small coin can no longer be used to buy individual items at that price, but it is only used to make change, it becomes more trouble than it is worth. Canadian pennies cost “1.6 Canadian cents to manufacture, and the government expected to save $11 million a year by eliminating them”(The Economist). But that sum equivalent to 0.0006% of GDP is small change. Canadians feel that eliminating pennies is that their feeble purchasing power means dealing with coins,

The penny should be eliminated because it cost about 2 cents to makes. That’s double its value. The penny may cost more to make then it is worth but the nickel does too. So if we are only banning the penny for how much it cost to make then we should ban the nickel too. The penny has already been eliminated in Australia, New Zealand, Brazil, Finland, the Netherlands, Norway, Sweden, Switzerland, and Britain (Sommer). So we should eliminate them too. If we eliminate them we could damage our economy. Those countries don’t have the same economy as we do. So it may work for them but not necessarily for us. Pennies don’t help us in any way. They are useless and a waste of space. Pennies actually do help. People don't mind donating pennies since they are so low in value. The kids at WMS raised over 3,000 dollars in pennies (Waterhouse). So some may say pennies are worthless but they really aren’t.