The penny, dating back to 1787, is one of the first currencies authorized by the US (Source B). This small piece of currency has been a big part of society and cash, but is now considered worthless and wasteful by many people. Although people may think this, the penny still has important uses. The penny still holds important value and should not be eliminated. First of all, many people oppose the abolition of the penny. In a poll conducted in 2004, over 50% of the public opposed abolishing the penny (Source E). Looking at the poll results, it’s evident more of the population still thinks the penny holds value. Since not as many people are in favor of abolishing the penny, it shows that more people still want to keep the penny around. If more than half of the population …show more content…
In addition to the majority of society still wanting to keep the penny, the penny is an important reminder of Abraham Lincoln’s historical significance. Source F says “the penny is perhaps the most visible and tangible reminder of Abraham Lincoln’s significance in American history”.The penny is a simple, yet important reminder of Abraham Lincoln that can fit into the palm of your hand. Being able to have a visible reminder of an important man in US history is an important reason to keep the penny around in society today. Additionally, Source F mentions that the redesign of the penny will include images emblematic of President Lincoln’s life. The penny makes a great effort to show the importance of Lincoln, which gives the penny several more reasons to stay in society. The new designs help to further highlight and show Lincoln in ways people of all ages can see, which is why the penny is evidently still valued. The penny’s historical value can only add to the value the penny still holds today. Furthermore, the penny’s value is not only used and recognized in the US, but in other parts of the world
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.
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
In 2001, United Sates Representative Jim Kolbe proposed a legislation to Congress to dispose the penny coin from the currency of America because of its small impact. Although his legislation failed, most people currently argue about the penny’s existence today. Even though the penny stood as a mark of history, it is useless and should be eliminated from America’s currency.
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.
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.
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 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.
A buyer brings along with him snacks that he would like to purchase in a dollar store: chocolate chip cookies, a Pepsi, gummy bears, and a bag of chips. He waits in line, eager to consume this huge delight. It is his turn, and he hurriedly placed his treats on the counter, waiting anxiously to pay immediately. The cashier replies to him, “The price will be $5.99, sir.” The buyer takes out five one-dollar bills and four quarters. Not an instance did he ever use a penny in this case, which he thought was useless and meaningless. As you can see, the penny has become quite worthless and diminished in purpose. Many citizens would prefer to round up and pay rather than spend time and look in their
The penny, one of America’s oldest and most treasured coins, has become a topic of much controversy. Dating back to 1787, it was the first currency authorized by the United States, and its 1-cent denotation is iconic for more than one reason. Some argue that a piece of currency carrying such a small value is only a waste of resources and time, while others point to the penny's popularity and importance within the American pricing system. Decidedly, America should look to abolish the penny because of the time and resources it may save, but only if price rounding standards are introduced, and further economic impacts are analyzed. The abolition of the penny is mutually beneficial for both the U.S. Mint and the people, because of the time it saves.
I have given a detailed speech on why pennies are not worth it, yet, the next day, I declared my love for the shiny coin when I found a stray on the ground. “I’m one cent richer,” I exclaimed. My love for the penny is something I have in common with many Americans. The penny-lovers might be thinking, "We can't get rid of the penny! We're Americans. See, there's Honest Abe Lincoln. He deserves his place here immortalized on this coin." I share this sentiment, but Lincoln still has the five dollar bill and the Lincoln Memorial. On the other hand, the penny is bad for the environment (Mining creates pollution.), dangerous to people and pets (It is 97% zinc.), and essentially useless to the consumer in
The Penny Debate written Bran Andrews discusses the different points of view about the maintenance or elimination of the usage of the penny in American´s daily life. My opinion about the debate is that the penny should get rid, there are a variety of reasons which support my opinion in a more concise way. The first argument to eliminate penny is that it requires too much money to manufacture and distribute it all around the country, it is more expensive to produce it than the proper value of the coin. Furthermore, according to the U.S Mint’s 2014 annual report the cost to make each penny was 1.70 cents and with nearly 8 billion pennies minted in 2014, the U.S. spent almost $132 million to produce less than $50 million of circulating currency.
Your average American walking down 2nd street will see a penny on the ground and not bother to stop. You walk into your local store and you always see that one jar that is just asking to collect pennies. This is because people see no use for the American penny. The first American penny was established in 1787 and it was 100 percent copper. In the 1950’s Americans could go down to the local candy shop and buy piece of candy for a cent. Now with one cent Americans can’t buy anything. Americans are finding creative ways to throw out all of their pennies. This is why America should abandon the penny.
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