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Argumentative Essay On Pennies
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Do we really need pennies? The story of the penny starts on 1792 it came with several different coins including the dime, nickel, quarter, and half penny. The pennies were first made out of 100% copper but the price of the copper went up, because of inflation the power of the penny went down. The cause of the mint to reduce the amount of copper in pennies first from 100% to 95% but then to 5% copper and 95% zinc. Despite the debate in 2006 the value of metal on older pennies rose over one. They became more dead than alive so people began to melt and sell. The death of the penny would have ended there but with the government realizing that they weren't worth minting and happy that its people were removing they became circulation which according to google means that “movement to and from or around They must be eliminated, but you might think. Wont prices go up and charities lose money? No. new zealand , finland, and the netherlands stopped using the one cent or the one cent euro and noticed no change in cost instead they round to the nearest five cent. Anyways the US has already gone through this process without trouble like the half cent it was eliminated in 1857 because it was too little worth. Another thing is that everyone loves lincoln so they might think that his monument might be taken away but taking away the penny won't take away his memory we will still have him on our five dollar bill which won't go away. Yes you might think it is unpatriotic or disrespectful to take away lincoln but the us military is not using pennies because they have already realized that pennies are useless and not needed so they round to the nearest five cent. So basically pennies just aren't worth making, they waste people's time and they don't even work as money like they are supposed to, and because of inflammation lose more value every year making them making everything
Millions of Americans work full-time, day in and day out, making near and sometimes just minimum wage. In 1998, Barbara Ehrenreich decided to join them in part by the welfare claim, which promises that any job equals a better life. Barbara wondered how anyone can survive, let alone prosper, on $6-$7 an hour. Barbara moved from Florida to Maine to Minnesota, working in the cheapest lodgings available and accepting work as a waitress, hotel maid, house cleaner, nursing home aide, and Wal-Mart salesperson. She soon realizes that even the lowliest occupations require exhausting mental and physical efforts and in most cases more than one job was needed to make ends meet. Nickel and Dimed reveals low-wage America in all of its glory, consisting of
Pennies should be kept, although they don’t look very valuable, and are basicly worthless, they can add up. To make pennies worth keeping, all they need to do is change the substance to steel, which is a much cheaper one than zinc and copper.
The United States’ penny has been around for over 200 years, an iconic piece of the country’s history. Along with its design, the penny’s value has changed throughout these years, making the one-cent piece of less worth to this day. Since the penny’s value has declined so much, people have been inquiring whether or not the penny should still exist. The penny should be eliminated because it costs more in both money and time to make them nowadays than they’re really worth. Elimination of the penny will save money for both the government and American citizens.
Spending pennies has become increasingly more difficult since no arcade machine, parking meter, or vending machine accepts them. William Safire, author of Abolish the Penny, identifies that many pennies, almost 2/3s, just fall out of circulation getting trapped in couch cushions and sock drawers (Source C). These coins are dead weight on the American economy which renders them useless to produce. Nevertheless, the American government still make billions of pennies every year. Virtually wasting tax payers dollars which could be more effectively used in other avenues. Ever since it’s creation, the penny has been depressing in value each year, Before, pennies were made with 100% copper but that soon changed when the price of copper surpassed the pennies buying power. Jim Kolbe finds that, “since then they have been 97.5% zinc, with a little copper mixed in for appearance’s sake (Source A).” Even this change in materials however, does not hold the true value of the penny. It takes about 1.7 cents to produce one cent. In a world where the U.S. penny is comparable to the value of plastic, we have to ask, is it really worth keeping? The answer is no. Finding uses for pennies is fairly difficult but trying to abolish them might be a harder
Every year, 1.2 million pennies are tossed in fountains, on the ground, or are unaccepted. The penny has been a part of the United States for more than 200 years. Its design has changed twenty-one times. As the economy has changed, so has the value of the coin. The United States should get rid of the penny because it is unneeded. The penny takes up too much space, getting rid of it will save time, and it costs more to produce than what they are worth.
The penny is also known as the “Lincoln cent” (Source F). Penny was first established in 1909 when it was Lincoln’s 100 birthday, this is a great memory of the United States president. Without Lincoln's picture on the penny, kids in the next generation will not know who Lincoln was. Everyone lives in a society where pennies are not considered a valuable coin, but still “United States mint keeps churning out a billion pennies a month” (Source C). There is no point for United States to produce billions of pennies a month, because it will exploit our natural metals. For example Zinc, if someone do not have enough Zinc in their body, then he or she is most likely to get ill. Zinc is one of the most beneficial metal. as said “penny have been 97.5% Zinc” (Source A). 97.5% of the Zinc is being wasted because most of the people throw the penny away. People do not want to keep penny in their pockets since they think “it's a waste of time” (Source B). As a result of this Zinc is being wasted because penny are made up of
The one-cent coin, more commonly known as the “Penny”, was made a legal form of money in 1864. The penny has been used as a form of payment for centuries. It is now 2018 and time for a change as the use of the one cent coin has declined. We should eliminate the penny. In doing so we can support charities, adjust the american pricing system and eliminate production costs. Pennies are too expensive compared to their actual value.
tax payers are losing money on penny production. Why should tax payers (you and I) lose money on pennies that a lot of people just throw them on the streets. Because of that the government has to produce new amount of pennies. In the Retire the Penny website, Canada, New Zealand, and Australia have already eliminated the one cent currency. However, even though it cost a twice as much as it’s really worth, there are some counterargument about eliminating
One reason why penny should be eliminating is that they cost more to produce than it is worth. For example, “it has cost more than a penny to make a penny, highlighting the silliness of continuing to produce the coin. It cost 1.63 cents for every produced”(Gore, 22). This evidence shows that
Pennies are also used to make bullets for guns. Pennies can be used in other ways to, like if you have a child you can teach him/her how to count, You can put them in a jar and turn them in and you can toss them in wishing wells. Pennies have been used as idioms to for example “a penny for your thoughts” Is an idiom. If the us get rid of the penny then we are throwing money away. People have been collecting pennies for a long time and all that time would have just been a waste of time. The penny has been around for a long time and money is money. You don't want to have to round to the nearest nickel and pay more. The penny is a great
Pennies are not worth wasting your time on and taxpayers a paying a cost that is not worth the hassle. Taxpayers lost 60 million dollars on the distribution and production of pennies in 2011,these losses were obviously known the mint reporting losses totaling 47.2 million dollars between 2009 and 2010. These losses are unnecessary ,there should be
Pennies worth in the peoples eyes, even if they might not realize it, has been diminished greatly. Although many people are not willing to admit it, “The majority of pennies don't circulate,'' said Philip N. Diehl, director of the mint. ''They make a one-way trip from us to penny jars, sock drawers, piggy banks and the spaces between couch cushions. Two-thirds of the pennies produced in the last 30 years have dropped out of circulation” (John Tierney). Due to the growing economy and market the with of the penny has become more and more impractical in our daily life. People talk about the “Good old days”, and how grand life was in their younger years. However things are doubtlessly changing, “You can't use it in a phone," Kolbe said. "You can't use it in a parking meter. You can't use it in a gumball machine” (ABC News). People might say they are needed based on the past involvement in the economy, but the truth is they have lost their value and worth for the American future. Looking at the growing economy it takes looking at a situation logically and continuing the penny is clearly not a logical investment despite sentimental
Some people think that pennies hold no value and should be abolished because it is worthless. According to a November 2006 article, written by Safire states, “The time has come to abolish the outdated, almost worthless, bothersome and wasteful penny” (Saf, par 1). On the other hand though, there are many people who think the penny is very important. In a New York Times article released in 2006 Weller said, “The fact is the penny remains popular with the public and important to our pricing system” (Weller, par 4). This means that the penny still has value to many people. Generally, something stays popular because it holds value to them. The penny is still popular and important because people value it.
Have pennies become useless in modern times? In the articles “Penny Anti” by John fund, a magazine article, “The Many Faces of the Penny” by J. Wendell Shelton, from a coin collectors’ website,”The Cost of a Penny’ by David R Carroll, which is a letter to an editor, and “Save the Penny-Save the Day!” which is an article from Washington Middle School Chronicle, a student newspaper, the authors try to substantiate whether or not the penny needs to be preserved. Whether or not the penny should be preserved has been a big controversy. The penny, all in all,should not be preserved because it costs more than it’s worth to produce, it could lead to lower prices, and people just don’t use them as often.
To start off with, the penny takes more money that it’s actual worth, which is one cent. In the article “Penny Wise, or 2.4 Cents Foolish?”, Jeff Sommer says, “The United State government.. lost $60.2 million on the production and distribution of pennies in the 2011 fiscal year..” (Sommer). Pennies are barely used, storaged into empty water bins, and yet the distribution of them is