Essay on Why Should We Use Pennies

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

Pennies are an important part of our past and they will be in our future. Pennies are a good thing to help with Contributions to Institutions. The penny would make a difference in your change. You would have to round up 5 cents. The penny is very important cent and we need

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

Money is crucial in many ways or everyday events like for buying food, paying rent, etc. Money has its own value but not all currency is used. Money has its own value but not all currency is used. The penny has the least amount of currency and is found on the sidewalk, sofa, in between car seats because nobody benefits form the penny. It doesn't have enough value to be kept around so lets just end the penny ones and for all.

I mean, just think about it logically. Today, the average penny costs 2.4 cents to produce while the coin itself is only worth one cent. Dr. Robert Whaple, a professor at Wake Forest also agrees with this statement. He thinks that eliminating the penny won’t just save time, but also money (source #2)

"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

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”

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

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.

For those that agree, with phasing out the penny they will argue that it cost more money to make and mint the pennies than what they’re worth. However, Ted Waterhouse begs to disagree. According to Ted Waterhouse “ Last week, Washington middle school hosted its annual Penny Drive… they raised over $3000 in one week” (Waterhouse). As shown, it took one week to raise $3000! Imagine how much they’ll raise in two weeks or even a month. To summarize, pennies may be small and worthless by themselves but when you add them together they are a powerful group.After All, there are power in

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 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.

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,

Everybody in America has once had that shiny, copper, small penny jingling in their pockets. The smallest denomination in the U.S. worth only one cent, has been a part of this country for hundreds of years. This coinage has brought a significant effect on our strong American economy. But a problem has been brought up within the last couple decades on whether or not the penny shall be abolished or not. The penny has historical importance and is appreciated more than people believe pennies to be