Argument For Removing 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 United States needs the penny today so they can get exact change. If someone owed three cents how do they pay it? The person would need a nickel, but they wouldn’t get two cents back in change. People would have more coins of higher value. If someone bought something for $1.97 they wouldn’t get change back, because there would be no pennies.

"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.

“A penny saved is a penny earned,” to quote Benjamin Franklin. Unfortunately a penny saved is not worth a whole lot anymore. Like many other once useful things the penny has become obsolete. The production and use of the penny in the United States monetary system should be abolished.

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

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 only difference between the U.S. and those countries is that they have made the progressive step to stop producing pennies. Their system is now as follows: Pennies can still be spent, but as no more production exists to balance out wear, tear, and loss, the population of pennies will gradually decrease until they become something of the equivalent of the U.S. 2 dollar bill. Values between 5 cent intervals are rounded up or down, and neither consumers nor vendors need to worry about overpaying/underearning, as the amounts rounded up and down balance each other out in the long run (.02 saved one transaction becomes .03 spent the next, and so on). Credit card transactions still go down to the cent, but as digital currency is handled by computers, it doesn’t pose any inconvenience to

Money is the crux of society. Without it, anarchy would break out. Bargaining would fail as people would claim the trade wasn’t fair, thievery would explode across the globe, lazy people would do nothing, and people wouldn’t have motivation to do anything but help their own family and selves. Yet, while everyone knows money is important, is ALL money important? For centuries, the penny has been part of American currency. And back in the day, it served a great purpose. Pennies could buy candies, breads, and many other things all on their own. But as time has changed, so has the value of the penny. As costs went up, the value of the penny went down. And with its lesser value, some people wonder if it’s even worth it to keep the penny around. But the answer to that little puzzle is as easily seen as a jigsaw meant for four years olds is put together. The penny must be kept.

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.

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

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.

Have you ever felt like you wanted to get rid of something? That “something” might be the penny. Well, the penny’s value has comedown so much, no one really cares about it anymore. The penny costs too much money to make so we are wasting time and money. The cash register takes a long time to count each penny so prices should be rounded. In my opinion, America should abolish the penny.