Penny Argumentative Essay

What is the point of the penny? It costs more than it actually costs. It takes up way too much space. We either store them in jars, and never think about them again, or we throw them away into the nearest fountain. And their value is so small to the point that if you had 10,000 of them, the highest you would get would be $100. So what's their point? The answer is nothing! They are absolutely and utterly worthless beyond belief. Therefore, only one conclusion is reasonable. The government should discontinue the production of the penny in the US.

Pennies are both a waste of time and money. The penny actually costs more than its actual value, contary to popular belief. According to Jeff Sommer, the penny costs 2.41 cents to make, despite its value of one cent. This means that the penny literally costs 1.41 cents more to make than its value to spend. At first, this

Countries that no longer use its lowest-denominated coin include Australia, Norway, Sweden, New Zealand, Brazil, Finland, the Netherlands, Switzerland, and now Canada. These countries have adapted well to the change. They now enjoy more space as well, as Jim Flaherty, the Canadian financial minister, implies, "Pennies take up too much space on our dressers at home." As well as countries, foreign military bases don't use pennies as well. As Chris Ward, spokesman for the Army and Air Force, says,[Pennies are] "too heavy and not cost-effective to ship." During purchases and transactions at the countries and foreign military bases, if there is one or two cents that require the use of pennies, the cost is simply rounded to the nearest fifth to accomodate for nickels, rather than pennies. For example, if an item cost $7.07, the seller can choose to round it up to $7.10 or $7.05. These countries and foreign military bases have not suffered any dire consequences so far, and are performing quite well without the