How often do people use pennies when they are making a purchase? The penny is big part of history that just isn't relevant anymore. Our society is growing and moving more towards all electronic. Some say eliminating the penny will alter prices and perhaps create a mini inflation. The production of a penny is 1.7 cents and it is costing the U.S. money it could use elsewhere. We should eliminate the penny because they are outdated, worthless, and wasteful. The penny is outdated because technology has grown over years. With todays technology more people are straying away from using cash. According to Charlie Sorrel, "As online shopping becomes yet more prevalent, and prepaid credit cards take the place of more and more low-value cash transactions, …show more content…
Pennies can't be made for lower than their value and that is why they are unprofitable. Confirmed by Zagorsky, “One of the most compelling reasons cited fro getting rid of the penny is the fact that its become unprofitable due to inflation and the rising cost of materials. The U.S. Mint has been losing money on every penny it's produces since 2006.” The penny isn't used enough by the people who live in the United States to make up for the production costs so that is why people feel we should abolish the coin. Time is wasted both with production and at the cash register. Demonstrated by Michaela Kaplan, a New York Time writer, “The National Association of Convenience Stores did a study showing that pennies extended transactions by two to two-and-a-half seconds. You lose an hour or two per year dealing with pennies that you happily leave in jars or under the cushion of your sofa.” This emphasizes that stores personally don't like dealing with the inconvenient penny. With how fast paced everyone is in our society today it is hard for people to have the patience and wait for that extra time to get change back and thats why everyone is changing electronically. Each year people will be surprised at how many pennies they lose and how much time they waste in the store worried about getting exact change. People would have more time to get other things done in the day if they didn’t have to worry about
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.
We should keep the penny because it has history, in fact it was “the first currency authorized by the United States” (Lewis). The penny no longer has the value that it used to have, but it is still necessary to make purchases as accurate as possible. The penny may seem like a waste of time to many Americans because it takes so long for cashiers to make change, forcing people to wait in line, but it is actually worth the time spent. The penny helps with keeping prices a cent lower, and therefore stimulating the economy. The penny is important to many people who need the money and for whom pennies still have value.
In 2001 United States Representative Jim Kolbe introduced legislation to Congress to eliminate the penny coin in most transactions. Although this legislation failed, there are still consistent calls to eliminate the penny as the smallest-denomination United States coin. Our nation is founded on passed traditions. Any American can look basically in any place to understand why America has thrived for centuries. Every tradition, sculpture, monument, or artifact gives Americans history about what has occured. The country struggles to destroy any of these long kept traditions. Although some traditions are completely relevant, the use of the penny is of little worth today. Whether the penny is rolling around in your pocket or resting at the
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
To begin, United States should not eliminate the penny because the coin has impacted our language by giving us more phrases and words. According to source #4, it states, “The one-cent has influenced our language, giving us a number of idioms, such as ‘a penny for your thoughts’ (a way to ask what someone is thinking) and ‘not one red cent’ (meaning no money at all).” This is significant because it shows that the penny has affected the English language
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.
My hypothesis for the penny cleaning with the chemicals experiment was accepted. The hypothesis was; “If a penny is placed in salt and vinegar, then it will get cleaner than the other chemicals being used”. The data used from the experiment that supports the hypothesis was that the salt and vinegar chemical cleaned a penny the best it had a 90 out of 100.
There is a side to this debate where the penny could win and stay in circulation. To start, the penny has been around for years and years and it has seemed to work for this whole time. This is true, the penny has been around and can be used still in everyday life. The turn side of this, though valid, is with systems changing is is becoming more and more rare for the penny to have a true dire need. One other strong reason to keep the penny alive would be charity. Charity relies on those people who do not necessarily care enough to keep the pennies t drop them off in the donation box. That though, has a simple solution. If the penny were no longer around nickels and dimes would begin to be the change customers and users are no longer wanting. Charity then in result
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
In America’s modern day economy, the penny is very useless and irrelevant in our society today. As source C states, “The time has come to abolish the outdated, almost worthless, bothersome, and wasteful penny.” There is not one item that can be purchased with a penny anymore (Source C). As source C states, “it takes nearly a dime to buy what a penny bought back in 1950.” Stores such as the Dollar Store prove how the cheapest items you can purchase are with only a dollar, not a cent. Pennies are shoved out of the economic picture by credit cards and because of the modern-day technology, there are even self-service machines that help convert coins into paper money (Source B). Furthermore, pennies are easily tossed into piggy banks or appear behind chair cushions. It is not used the same way as it was before.
This will save considerable amounts of government money: almost $40 million annually (Cavanaugh 70). Eliminating the penny will also save time in lines at grocery stores and will save the environment from pollution. In order to avoid these adverse effects, penny production must be either eliminated or lowered. Although many people have thought of a penny-recycling program to try to avoid these adverse effects, no ideas have been implemented. “Despite the fact that the US has recycled 21.8 million tons of metal in 2013, a recent year for which details are available, not a single penny is recycled, at least by the mint” (Cavanaugh 70). The fact is that, as forms of electronic payment such as credit cards or PayPal are becoming more popular, all forms of physical currency, not just the penny, are becoming obsolete. Some might even argue that the nickel or dime isn’t worth keeping in circulation, not to mention the penny. By eliminating the penny, the government will spare not only United States citizens, but also itself the trouble of dealing with the insignificant
For instance, in the article “Abolish the Penny (Source 3)”, it clearly states, “Where do they go? Two-thirds of them immediately drop out of circulation, into piggy banks or –as The Time’s John Tierney noted five years ago –behind chair cushions or at the back of sock drawers next to your old tin-foil ball.” Adding on, many people view the penny as a useless currency, and they even leave it in hidden places around their own home. The reason why pennies are sometimes located in piggy banks or at the back of sock drawers is that citizens see no purpose in obtaining them. In other words, it seems as if the penny has lost its fame and glory ever since other forms of currency have been established, such as quarters, dimes, and dollar bills. As explained by William Safire, quarters and dimes seem to circulate more often than pennies, and pennies “disappear” due to their worthless value and troubles. Specifically, the reign of quarters and dimes has overtaken the significance of pennies, and as time passes by, the term “penny” might not even be mentioned anywhere around the United States. In addition, more people nowadays tend to use quarters and dimes for due change, leaving the penny to become less essential for our needs. As stated in Source 3, the British and French have already abandoned their low-value coins approximately 30 years ago. This demonstrates the probable
Let’s be honest, we all have faced the dilemma of what is the right thing to do when it comes down to tipping. Should I tip or not? If yes, how much? Did I tip less or more? Was I better off not tipping at all? This dilemma ends up creating an aloof relationship between a consumer and a service provider. Not only that, but tipping in itself is a wrong approach to show gratitude for the service provided because more often than not, “sense of guilt” comes into play since we are bounded by the social norms for tipping. Tipping should be abolished from the society because tipping doesn’t reflect the quality of service provided, it hinders social relationship, and furthermore it encourages tax evasion.
The penny has been in America for centuries, it's a sentimental object for Americans everywhere. However many have debated on whether or not it should be eliminated or continue being made. The penny should be preserved because it is apart of American culture, given to charity, and keeps items cheap.
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.