Penny Argumentative Essay

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Remember the old, fun times as a kid when you found a few coins or dollars lying on the floor, smiling at you from below? Those memories are definitely some of the finest. A dollar bill, a quarter, even a dime are some pretty fun finds and can boost your mood for the rest of the day. The penny however, wasn’t exactly the best coin to add to your pocket collection. What could you buy for a few cents? You have to admit that it’s a pointless coin and you wouldn’t gain anything bad from it’s loss. In fact, there are actually many benefits that come from the penny’s end. Despite the conflict surrounding the cent, it is evident that the penny is a completely futile coin and the distribution of it should be ended due to the fact that it costs double …show more content…

Penny drives in schools around the US are great ways to help charities and other fundraisers. However, removing the penny and replacing the fundraisers with nickel drives or dime drives could help raise the money earned from the penny drives by 5 to 10 times! Another essential point that demonstrates how ending the penny production is a useful plan is that the loss of the penny could result in the decrease of prices all around the country. Multiple countries like Britain, Brazil, and Canada have dropped the use of the pennies without any dire consequences according to page 3 of Penny Wise, or 2.4 Cents Foolish? Not only that, but ending the penny could also bring a few benefits. “‘...in a competitive market, you might as well see price decreases,’ says Mr. Velde. ‘In a place like New York, a 99-cent price of pizza might go down to 95 cents rather than $1 to avoid crossing that higher price threshold.’” Mr. Velde’s statement proves cutting the penny production short can allow businesses to lower their prices due to the tough competition around the world. Businesses know the public will go for the item with the cheapest price, for example $495.95 versus a $500 phone. The business with the cheapest price is the business people will by from. Getting rid of the penny could change and lower the costs of everything you buy

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