With today’s times, people have essentially stopped using pennies in their daily lives. Imagine you’re at the grocery store and you are paying for an item, there will be no way that you will pay with pennies. First of all, it is way too complicated to pull out a bunch of pennies for just an item and second of all, it will take forever just to count out all the pennies. Plus, nowadays people use credit cards or even cash to pay for their items. So, people should stop using pennies because of how they are not used in today’s society, their cost of production, and it’s cause of severe inflation.
As said above, people have not been using pennies as much because of the new technological advances that have been innovated. They just are used and put in jars, which has no good use whatsoever. The text from the article that supports my claim is, “Pennies take up too much space on our dressers at home.” Also, “A persuasive government put it this way: We often store them in jars, throw them away in water fountains, or refuse them as change.” This quote demonstrates how pennies have no good use in today’s times. It also shows they
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Some might say that pennies are useful when it comes to dealing with small amounts of change. However, with the new technologies of credit cards, we can use that for dealing with small amounts of change instead of paying more than what is needed and carrying a bunch of useless change that you may never need. Also, if it’s costing a lot more than what it is and if people have stopped using it and stuff it in jars, then we should stop wasting money just to produce pennies. Other people also still want pennies because of traditional reasons and symbolism. The U.S. citizens have an unnecessary need to connect to president Abraham Lincoln through pennies. But it’s just a desire and that should not stop our removal for
The Penny is a wonderful coin. It might only be worth one cent but that one cent can help people in all sought's of situations. The penny should kept in circulation. There are many people that use the penny still in today’s society.
Even though members of Congress are trying to ban to penny, Americans can spare the time to use them. In Ric Kahn’s
Throughout the past decade, costs of everything have skyrocketed. According to Source C, America used to have “five and dime stores;” now its a dollar store. In addition, no one can buy anything with just a penny anymore. The source also made a fair observation that these worthless zinc disks are, “behind chair cushions or at the back of sock drawers next to your old tin-foil ball. Quarters and dimes circulated; pennies disappear because they are literally more trouble than they are worth.” According to a New York Times article, “it takes nearly a dime today to buy what a penny bought back in 1950.” The penny is still stuck in the 1950s while America just keeps moving on. As stated by Mark Lewis in his concept of establishing a bill, “the bill would not ban pennies, but merely discourage their use by establishing a system under which cash transactions would be rounded up or down.” (Source A) This motive will help keep the America exceed and
Do we really need pennies? The story of the penny starts in 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 is 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 year.
Yes, numerous amount of people does acknowledge that fact, but the government can also propose that pennies are to use inexpensive metal, like steel, which makes the entire coin industry save money and have the cost of coins to be cheaper to make. Additionally, think about the amount of people that would be fired if the penny industry were to be eliminated. This might the only job that can support their family. Instead of trying to eliminate the pennies which provide a great use for US citizens it is time to ask the government why they would spend hundreds of dollars uselessly for studies, such as a study on why chimpanzees throw their
Have a good look at the penny, what do you see? You probably see nothing but a copper coated circular poor valued cent. Little does everyone know pennies have been around longer than before their grandparents, even their great-grandparents! Matter of fact, it was around so long ago that Abraham Lincoln’s face was not the first design on the penny. I ask that you take the time to consider the American penny’s worth. Without the people’s belief in its value, the penny will be abolished. I see people every day throwing away a penny rather than to put it in their pocket and save it for future uses. Yes a penny is "outdated, almost worthless, bothersome and wasteful" (Safire) piece of junk, but it's has an economic, cultural, and historical significance to the United States of America. The problem is that nobody pays attention to that, and that gives pennies the image of no value. Three good solutions to show the pennies worth include: tolls and vending machines accepting the coin, more charities to keep their penny drives, and historical evidence of what the penny mean to America so that it can be passed on to the future generations.
Back in the 1900’s kids all over would be so grateful to find a penny. Doing so meant they got to run to the local candy store. William Safire, author of “Abolish the Penny” agrees with the notation of abolishing the penny. In Safire's article he makes a strong claim stating that you, “can’t buy anything with a penny any more” (Safire). Expanding on that claim, there is no point in keeping something around that is taking a resource of zinc and copper, when the resource is being wasted to the garbage. Back in the day it would be absurd to throw such a useful coin away. There is no real need for the coin so keeping it around is simply
If you check your pockets, how many of you have pennies in them? Not many people I assume, that is because most people don't carry around pennies anymore. Denver Nicks from Time.com says
To begin, more than half the amount of pennies made are lost and dropped out of circulation almost immediately. “ Two-thirds of them immediately drop out of circulation, into piggy banks or—as The Times’s John Tierney noted five years ago—behind chair cushions or at the back of sock drawers next to your old tin-foil ball,” as stated from “Abolish the Penny” by William Safire. To explain, while most pennies are disappearing, never to be seen again, the U.S.
Pennies have caused more trouble than they are worth (Source C). People that use pennies to purchase items, waste their time and this action can further
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.
There is definitely no purpose and meaning in continuing the creation of these worthless objects. All they do to the United States is cause trouble, and they are clearly a bothersome to uphold them in our possession since they barely contain any value. Our economy would be fit with just dimes, quarters, and nickels as our coins. Abraham Lincoln, who was the president represented in this penny, would disapprove having his reputation and honor shown in a futile currency. The government needs to stop producing pennies. They create a loss of money rather than a profit; therefore, these copper cents need to be gone from our economy. What other choice is available? What can these pennies do in order to redeem their glory? It is nearly impossible to convince residents to use pennies once again. The penny has lost its value, and their dignity has become faint to us. It is time to eliminate pennies–for
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.
Due to most people believing the penny is useless, they are more than happy to give them away to charities who actually need money. For example, a middle school raised over $3,000 in a week by creating a fundraiser which asks for student’s pennies. “if the United States eliminates the penny, charities will suffer because people will pay more at the store and feel they have less to give those in need.” (Source 4) People think pennies are worth little so they have no problem giving their pennies away. Also, charities who receive pennies would lose a large amount of money if pennies were no longer
Between 2001 and 2006, there has been an increase of .6 cents for the reproduction of the penny. This increase displays economic problems that may lead to fatal ones. The penny is composed of 2% copper and 98% zinc. These elements are exponentially in demand causing the price of these materials to skyrocket. Many Americans think the penny is putting our country in jeopardy with financial losses. This meaningless coin is losing money for the mint, and should be abolished.