Should Pennies Be Eliminated Research Paper

"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

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.

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

Click, Click, Click… the penny falls helplessly onto the floor from the customer's wallet as they pull out a crisp five dollar bill. There the penny will stay unless it is swept up into a long forgotten corner or somewhere on the street. The Times John Tierney noted five years ago, that “two-thirds of pennies” share a similar fate. (Source C) For every penny the government manufactures we lose a half of a cent, though seemingly miniscule, when multiplied by the ten million pennies minted on a daily basis, that's an even five million dollars going

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 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 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.

There has been a debate on whether we should get rid of the penny. Some people think we should keep it, and some people think we should get rid of the penny. The United States is not sure what to do. Do you think we should keep the penny, or get rid of it?

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

Around the world, people are deciding whether or not the penny should be retired. There are some places that have ended the production of pennies and had a successful penny-free economy, while others are still trying to figure out whether we should still use the penny or not. Now, the cost to produce a penny is more than the actual worth of a penny itself. Finance Minister Jim Flaherty said, “The penny is a currency without any currency in Canada, and it costs us 1.5 cents to produce a penny.” In places such as Canada though, they have no need for pennies anymore because they don’t see the benefits of them, but in places such as the U.S. the penny could be really useful when you actually think about it. When pennies all add up they can really make a difference in the economy and because of this, I believe that the penny should not be retired.

In modern America only 25% of all transactions deal with cash. The remainder is completely dominated by the use of electronic currency. With the constant rise in internet usage the data shows that the elimination of the penny will not negatively affect commerce in any way. However, by removing this denomination from the financial system the Federal government will save 105 million dollars a year annually. You may wonder how such a low valued coin could be costing the government so much money? The truth is that penny production has been outsourced resulting in the price per coin to rise to a whopping $2.41 (US).

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.

Should the United States keep making pennies? The United States should keep making pennies because they are really useful. The US has been making it for years now. Every time they would change the style of the penny either because the citizens would complain about it or because they have to. Some people don’t want pennies but some people do want them. They can help a lot of people With loose change. The US has also put Abraham Lincoln on the front and on the back a different design. The US should keep making pennies.