Penny Lane

the penny is a waste? Is a penny saved really a penny earned? Well not much longer it isn't, people think that we should discontinue the penny from our current day system. In my eyes i see the penny as a waste of time and a waste of money.There has been talk lately about discontinuing the minting of the us penny,and after reading all four articles it's hard to say that we should keep the penny: “Penny Wise, or 2.4 Cents Foolish?” (Source 1), “Is the Penny Worth It?” (Source 2), “Give a penny-Save

Find a penny, pick it up, all day long you’ll have good luck. This commonly used saying is being valued less and less as the days progress. On a daily basis, thousands of people walk down the streets of busy cities. Today the majority of people state that when they pass by a penny on the ground, they don’t stop to pick it up. Due to this and many other reasons penny production should cease. In society, other countries have chosen to withdraw their coins, pennies lack circulation, and they are costly

Pennies made before 1982 and the pennies that were made after them create a significant difference. Pennies made before 1982 are made of copper (Warnick 1). Due to the change of the of the metals over the time period it must of caused a change in the pennies mass. Therefore, the density of pennies created before 1982 and the pennies produced today have different densities. Density can also be used to identify unknown substances“Density is defined as the ratio of mass to volume” (Lab: A Penny For

abolish the penny. One of the examples of why the United States shouldn’t abolish the penny is if the federal reserve changed the material the penny is made out of the cost of material will decrease. Secondly, the United States shouldn’t abolished the penny because the tax on items would increase and force people into a situation where they don’t know what items cost. Lastly, if the United States abolished the penny americans would be forced to use the nickel that cost more to make then the penny. For

Eng 1020 Ms.Confer 08/26/15 Should we abolish the Penny-Con As a recognized part of modern American life, the penny is far too entrenched in our daily life to be abolished. In fact, the effort to abolish the penny would be enormous, and simply not worth the estimated benefits of such a monumental a change. In ridding our economy of the penny, the federal government would first need to convince a public greatly in favor of keeping the penny. As indicated by a poll by the Harris group public

something that costs one penny, it is probably impossible with today’s economy. The penny is not beneficial anymore due to the dangerous metals released into the environment and the coin is just too expensive to produce. So why do Americans keep this unwanted coin around? The metals used in producing the penny are too dangerous and costly. First, zinc and copper are the main components in the penny production, which is threatening to the environment. First, almost all the penny is made up of zinc, which

Life without the penny would put our society in a major crisis. So much of a crisis, that many citizens could be driven into debt or have problems with financial stability. Citizens in debt rely on any change they can get, particularly a penny. Homeless people only eat because of change on the ground. Without the penny, many of these problems could be driven into worldly situations. Because of sentimental value, historical value, and inflation, the penny should not be abolished. The first reason

regarding the debate of the penny. The U.S. and Canadian government believe that the penny is a nuisance and takes up space in cabinets and dressers. They believe that the penny should be taken out of the system. However the penny is a great influence on American culture, yet it causes a fortune to manufacture a single one. In the first place, the penny should be kept as American currency because of the great impact it holds. For instance in the article, The Ever-Changing Penny, the author states, “The

trillion worthless pennies in circulation. That means that there are more than 10 billion dollars worth of pennies floating around in the United States. Unfortunately, not only are pennies still being produced, but this production also costs more than the pennies are worth and harms the environment. Pennies should be eliminated. The first reason we should eliminate the penny is the production of the penny costs more than the penny is actually worth according to coinnews.net the penny cost 1.5 cents

Go Penniless "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