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 "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. Coming back to the topic, not many people carry around cash anymore; most people have credit cards. People who carry around cash, however, are commonly kids. Nevertheless, when my family does carry around cash (which is not often) it's always $10-$30, but …show more content…
We already have 5¢, 10¢, 25¢, and 50¢ coins! If we keep pennies it will be a lot to handle with the $1, $2, $5, $10, and $100. Not to mention how we got rid of the $500; $1,000; $5000; and $10,000 in 1969 so we could extort rid of the penny. For items that are like $1.97 we can round up to $2.00 and down to $1.95 so we can round the value. It may make things more expensive, but not too much so the trade is worth it. Finally, making pennies is a waste of time, money, and minerals. The minerals in pennies are copper and nickel. Over time, copper has gotten more rare and nickel is in other coins, so let's use it for them! You may deem that these are not strong, but if you support this it could help us in the future when we need the minerals. In the time that it takes to make pennies we could be making other coins or bills. Like Denver Nicks said it takes 1.7¢ to make a penny, two pennies for one! That is wacky, those can oomph to better uses. We can endure those minerals and use them for other things in the
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.
We strive on making everything more efficient. As stated by a www.globe.com article, “The National Association of Convenience Stores and Walgreens drug store chain estimated that handling pennies adds 2 to 2.5 seconds to each cash transaction (remember that we are including the occasional customer who spends 30 seconds looking for the penny in his pocket)” (Source B) That is a lot of unneeded time. When you get the penny back does it mean anything to you? It was also estimated that if you add those 2.5 seconds, it equates to 4 hours per year handling pennies. In keeping with the thrive and efficiency to move along in America, you can be using those 4 hours for something much more productive. As another example, say you are walking down the street and you see a penny on the ground, will you stop and pick it up? You most likely will not pick it up because it has no value. Now what if it was a nickel, or a quarter? Will you pick it up? Most people will definitely pick it up. A penny is just a waste of time. Finding a penny at the bottom of your pocket or in your bag drives cashiers crazy. There would be no need for this wasted time if we abolished the penny. The penny is stopping every great American from pursuing the next biggest breakthrough or
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
The first piece of evidence that I have gathered comes from Source #1 which states that, “each zinc and copper coin cost 2.41 cents to produce and distribute.” This shows that the US is wasting money in order to keep producing and distributing pennies. Another piece of evidence that shows pennies are not worth keeping states that pennies take up too much space. The reason that this proves we should get rid of pennies is that the space that the pennies are taking up could instead be filled with coins of higher value or even bills of higher value. The last piece of evidence that I will be stating is that they are too “heavy and not cost effective.” The reason I say this is because in source #1 Jim Flaherty even agrees with this opinion and it is true pennies are even heavier than dimes which are worth more. This is one of the many reasons that support my
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
Sebastian Mallaby says, “...handling pennies adds 2 to 2.5 seconds per cash transaction. Assume that the average citizen makes one such transaction every day, and so wastes (to be conservative) 730 seconds a year. The median worker earns just over $36,000 a year, or about 0.5 cents per second, so futzing with pennies costs him $3.65 annually.” This shows that pennies are not only worthless, but waste our time as well. When we use pennies, the cashier is losing money because we decided to use pennies. Also, pennies can cause costly injuries. A study done on the cost of foreign objects in body to remove concluded that the average cost for penny related injuries was $1169.78. This is very costly and can cause even higher hospital bills because pennies have zinc in them, an element need to survive, but if given high amounts, it can poison the average person. This causes that high $1169.78 to go up higher so doctors can remove the zinc. An infant needs around 4 mg of zinc a day, but if they swallow a penny, which is 97.5% zinc, which can be near deadly results for a baby. This shows that pennies are very expensive when used and
The first reason to keep the penny is that Americans have an emotional attachment to the penny. ⅔ of American adults want to keep the penny. That’s over half of America wants to keep the penny. The exact amount is 67% of Americans want to keep the penny. Another reason we should keep using pennies is they honor Lincoln. Abraham Lincoln is one of our most honored president who gets to be on the penny which means taking the penny away would dishonor him. My final reason to keep pennies is that pennies keep prices low. If we don’t have the penny, then we will have to round up to the nearest nickel. Imagine paying for a
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.
increasingly dominating the purchases of many American consumers. The concept of the credit card dates back to the late 1800's, while the modern credit card took form in 1966. Since then credit card use has exploded (Woolsey par.1-2). Today, over half of the United States' population owns at least two credit cards. The United States should become a cashless society because the government would ultimately save money, there is more convenience for consumers, and money related crimes would decrease dramatically.
The U.S penny is no longer worth the money the government spends too make it and should be retired. One reason is that people don't even use the penny anymore so what is the reason too still make it? People would rather throw it away than save it in their purses, pouches, or wallets. Every year pennies are lost in the garbage and left to rot in landfills. They also leave them on the streets too cluster the pathways and decay.
Here are the most common reasons why people with money in their bank account may still use a credit card.
According to my research, money is made up of 75% of cotton and 25% linen. For the bill to be identified, it contains small particles of red and blue fibers which is dispersed all throughout the bill. Each U.S. bill consists of a thread that can only be seen when it is placed under light. The thread is called polymer security thread. The fascinating trait about this particular thread is that it cannot be printed by any other printer or copywriter. This is one of the methods that the U.S. government defends against counterfeit