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.
On top of not having a use, the penny is a big waste of time, literally. Gore, a graduate student at the University of California at Berkeley has made a calculation that approximately “four hours per person per year” is wasted on rummaging for pennies which in turn costs the nation “over $15 billion per year.” (Kahn) These $15 billion could be used to create jobs, invest in renewable energy, or invest in education, all of which would greatly improve the nation while at the same time getting rid of a pointless coin.
People admittedly do not favor change. Many have seen the statistics concerning how much it costs to maintain making pennies, the time it wastes and the overall problem it creates, but they still would not want to get rid of the penny. The Harris Poll has data supporting that
"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
Is the penny real relevant in our economy? There is no real need for the penny. People think pennies are a waste of tax money. Other people think that penny's are a good thing. Pennies should no longer be made because they cost more money, wastes money, and It's easier to pay.
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
In 2011, it cost 2.4 cents to produce the penny. The penny was first minted in 1857. It cost 2.4 cents to make the penny. Also the United States loses 1.8 cents for every penny being made. In conclusion we should get rid of the penny. The United States should get rid of the penny because it is people are not using them, cost to much, and other countries have already dropped the penny.
Getting rid of the penny is good for the economy because it would save the government on average 60 million dollars a year. Evidence that supports this claim is, “Pennies may not be big money, even if you add them together. But we are paying a cost for the privilege of squirreling
Pennies are worthless. According to the spruce.com, “They don’t buy anything, many people just throw them away, and nobody wants to use them so let’s just get rid of them”. Charities need pennies. According to the spruce.com, “Many small charities depend on penny drives to bring in donations”. According to the spruce.com, “People think nothing of pouring out their old penny jars to support these drives, but they won’t part with nickels s easily”. Most Americans use pennies to pay for most of their stuff and donations.
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
Even though the penny has large sentimental value in the U.S. I feel that the penny is way more trouble than it’s worth. They take up tons of unnecessary space, cost Americans millions of dollars a year, and it costs more to make than it’s even worth. But if we got rid of the coin, it would lower the prices of a lot of goods and services, save up to $700,000,000 a year nationwide, and would save a lot of room for other, more valuable coins in our wallets, purses, and on our dressers. Together, we can stop the penny being minted, and make silver coins great
“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.
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.
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.
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 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.
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