The one-cent piece that has been in used in the United States society for over two hundred years is commonly known as the penny. Overtime, it has changed appearance and values multiple times. By values, that does not just mean the importance of it to people, but how much it cost to produce. Even though, the penny has been apart of the United States for generations, the production of the coin should be discontinued because of the production cost and value to most people. First and foremost, the manufacturing of the penny should be put to a halt because of the value to create it. In the New York Times article, “Penny Wise, or 2.4 Cents Foolish?” by Jeff Sommer, he acknowledges the fact that the mint (the industrial facility that manufactures …show more content…
This means, how people actually use pennies. According to newspaper article, “Give a Penny-Save the Day!” by Ted Waterhouse, 8th grader Michael Cooper informed, “If you asked for my quarters, I would have said ‘no’ because I use them for video games. Pennies don’t really matter much…” The interview response gives intel that to people, pennies are somewhat worthless. The one cent is not as valuable or useful as to the quarter or any other coin. Americans still have many pennies already developed in their country, but it is not valuable enough to them to want to have more. Additionally, Jeff Sommer of New York Times article, “Penny Wise, or 2.4 Cents Foolish?” tells from Jim Flarherty, the Canadian finance minister that, “Pennies take up to much space on our dressers at home...We often store them in jars, throw them away in water fountains, or refuse them as change” (Sommer). In other words, people usually find small ways to use the coin just to get rid of them. They are not thrilled to see 10 pennies for change or the coin lying around all over their houses. The one cent coin is worth so little that Americans don’t bother to use them at all. In all, people find pennies useless making it unneeded to continue developing the …show more content…
For example, in New York Times article written by Jeff Sommer, “Penny Wise or 2.4 Cents Foolish?” he states, “they may want to keep using them indefinitely, and they can…” (Sommer). To explain, people who have grown attached to the penny are still able to use them in everyday life. The penny is not banned forever. The point of the stopped production of the penny is not stop creating an unnecessary amount of them. The author also states, “Electronic transactions will continue to include cents, while retail sales will be rounded up or down” (Sommer). To explain, if a cup of coffee is $2.01 cents than it would be rounded down to $2, while if something is $9.03 dollars then it would be rounded up to $9.05. This will benefit the people who would rather not have multiple pennies given to them as change. Instead nickels, dimes, and quarters will be used during transaction. But, people are still able to use pennies if they pleased. This idea of rounding up and down will help during payment so people don’t have to pay the few extra cents. The government is finding simple ways to prevent the use of pennies but are not banning them for good, making it unnecessary to continue
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
The debate of eliminating pennies or maintaining pennies is a current focus in the United States. Many people think that eliminating the penny would positively influence the United States because the government would not have to devote millions of dollars for pennies. While many other people think that eliminating the pennies would negatively influence the United States because of the rounding tax that would be introduced after the pennies are eliminated. I think that we should continue to keep on manufacturing the pennies because the penny shows how it impacted the English language, it can also help causes that can save lives, and pennies can keep the government from creating the rounding tax which can cost consumers millions of additional dollars.
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.
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
"As of 2014, the cost of making a penny was estimated at 1.7¢. So yeah, it almost costs two pennies just to make one penny- which makes no sense (pun intended)". Over time, many people have called for the U.S. to stop making pennies. Three reasons why are, we have a lot of coins and bills, not many people carry around cash, and making pennies can waste time, money, and minerals. That is why I believe the U.S. should stop making the penny.
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
In addition, There are many reasons why the penny should go out of existants because, the penny costs more to make than its initial value. However the penny only costs 1.8 cents to reproduce while the nickel costs 9.4 cents. Why could we get rid of an object that can help fundraisers or an object that can be made in another metal. The penny is also an important item of American culture. In the article from a general interest magazine published in 2014 titled ¨ The Ever- Changing Penny¨. Maria Story explains some of the changed the penny
Each month the U.S. mint produces one billion pennies a month. It would be better off to abolish the invaluable penny than to waste employees’ time in the government producing the little annoyances. Source C states how these 10 million shiny new useless items are a waste of time to the government workers. The employees could easily be more valuable if they were tracking counterfeiters. In addition, although the penny is a meaningful emblem of our president, Abraham Lincoln, we will still see his honorable face on the valuable five dollar bill. (Source G) The penny has lost its value as
Not everyone agrees that the penny should be totally eliminated. No matter what your stance the penny debate is real and the United States has to make a decision one way or another.My stance is no, we don’t need the penny anymore. You can’t buy anything with it like you can with a courter. Pennies aren’t needed the price might be 0.99 cents but we have tax so it’s rounded up.I know some people collect them because they have been around forever but, they are not needed. I feel there shouldn’t because we lose money making it, it would be easier to round up or down and it takes a lot of time to count.
First of all, one of the main reasons that the United States should get rid of the penny is because it is very expensive to make. “The United States government- that is the taxpayers- lost $60.2 million on the production and distribution of pennies in the 2011 fiscal year, the mint’s budget shows, and the losses have been mounting: 27.4 million in 2010, and $ 19.8 million in 2009” ( Source 1). The losses
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
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.