Synthesis Essay On The Penny

Synthesis Essay

Over the years, the penny, a coin worth a hundredth of a dollar, has gradually become an outlier in America’s currency denomination. Having little to no monetary value, the decision of whether to keep or eliminate the penny has become an issue that plagues American citizens. Nowadays, the penny is hardly used during transactions, and does not seem to as important as the remaining denominations in U.S. currency. Although the penny is now seen as a nuisance that either jingles in pockets or gathers dust in piggy banks, it should not be eliminated because of fits historical and economical significance.

In America and everywhere else, traditions are valued because of them being continuous reminders of the past. Specifically in the United States, pennies allow us to hold on to this past as they serve as a “reminder of [Abraham] Lincoln’s significance in American society” (Source F). Even after being refined as seen in Source G, that represents the aspects of

If the penny, the prices most good will certainly be rounded up, in the favor of producers. Progressively, consumers will begin to lose money no matter how little it may be. Every penny counts. Also, eliminating the penny will cause the nickel to be the lowest denomination currency, and just like the penny, it will slowly lose it value. Source D emphasizes the economic importance of pennies by stating that “the EU also sought to avoid the systematic rounding of prices.” If eliminating pennies or coins of very low denomination was a good idea, they would have been removed from circulation by now. Another reason the penny should not be eliminated is because they provide jobs for people who work in the zinc and copper industries. Since there would be no need for zinc and copper miners, people who work in those occupations would lose their