The penny is only worth 1 cent in the U.S currency. Is the penny meaningful to its use? Many years the government has had intense debates for the making of pennies to be prevented. Simply for these reasons, the production costs more, can save you money, and not at all useful.
The distribution of pennies charges for more than it is worth. As reported by, The Ever- Changing Penny “ it cost the U.S. Mint more than 2.4 cents to produce one penny.” (Story). To further explain, it would be ridiculous to create a penny that costs more than it is worth. It will create more of a complication for taxpayers because they are the ones paying for pennies over 1 cent while they should not even have to pay a dime. Also stated from Pennywise, or 2.4 Cents Foolish “ … the taxpayers-lost $60.2 million on the production and distribution of pennies…”(Sommer). This demonstrates that civilians are losing tremendous amounts of money for a coin that is 1 cent. Whereas if they discontinue the production of pennies then this would have never come out of your wallet.
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Pennies can somewhat save you money.
This would be because of Pennywise, or 2.4 Cents Foolish “ A $2.01 cup of coffee should be rounded down to $2…” (Sommer). To clarify, it would be easier to pay $2 than pay an extra cent and search through your wallet for a penny. You also will not have anymore change if the penny stopped being produced. This is beneficial for you because production of pennies also will cost you some money. To add on, to the overwhelming evidence “ … a 99-cent pizza might go down to 95 cents rather than $1 to avoid crossing that higher price threshold”(Sommer). It clearly shows that pennies can salvage you some money. Vendors will more likely lower the price than raise the price on food simply because no one will buy food that is more than it is
worth. In spite of all, it is not even purposeful. Reported from Pennywise, or 2.4 Cents to Foolish “ We often store them in jars, throw them away in water fountains, or refuse them as change” (Sommer). In other words, most people do not even care about the existence of pennies. As said, we do not even use them for any payments and if we receive them as change we will simply toss it out. It would be less troublesome to disregard the mass making of pennies. Although pennies can be useless in some ways, pennies can be used from coin drives for good causes. As stated in, Give a Penny-Save the Day “ If the school had organized a dime or quarter drive, they probably would not have raised much money.” This would be true because people see more value in nickels and quarters because they can have less change to spare. Students can use penny drives because people are more likely to give them away even just to take them off of their hands. Pennies are not worth much but they have up and down sides to them. Such as, paying taxes for the minting or saving patients with pennies. Penny production is a overall controversial topic, but the overwhelming evidence is to prove that pennies should not be continued. But well remembered because of its benefits and disadvantages.
This meaningless coin is losing money to the mint, and should be abolished. The penny costs 1.4 cents to manufacture each time at the mint. This is causing the mint to lose money to the treasury. Last year, the mint earned $730 million in profit. Many mint officials claim the estimate will be about $45 million due to the cost of metals made in pennies.
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
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
They must be eliminated, but you might think. Wont prices go up and charities lose money? No. new zealand , finland, and the netherlands stopped using the one cent or the one cent euro and noticed no change in cost instead they round to the nearest five cent. Anyways the US has already gone through this process without trouble like the half cent it was eliminated in 1857 because it was too little worth. Another thing is that everyone loves lincoln so they might think that his monument might be taken away but taking away the penny won't take away his memory we will still have him on our five dollar bill which won't go away. Yes you might think it is unpatriotic or disrespectful to take away lincoln but the us military is not using pennies because they have already realized that pennies are useless and not needed so they round to the nearest five cent. So basically pennies just aren't worth making, they waste people's time and they don't even work as money like they are supposed to, and because of inflammation lose more value every year making them making everything
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.
In fact there are many people that oppose abolishing the penny. In source E it states “that 62 percent of people oppose abolishing the penny that has a income less then $25,000 a year.” If the penny was to be abolish then the nickel would be the lowest coin in amount of money. If the nickel was the lowest amount of money there was then that means the purchase prices of items sold would increase. The prices would increase on items sold because the penny would not be in circulation to allow the customer to pay with the correct amount of change. Instead of being able to pay $3.47 for a kids meal at MacDonalds the customer would have to pay $3.50 for the kids meal. With the increasing prices of merchandise sold in stores there could be a budget upset for many families that have to follow a tight budget. Many families have to follow a tight budget to be able to provide for there families. With a tight budget there is no room for the prices of merchandise to increase due to losing the penny. Every penny counts when it comes to having a tight budget and providing for your
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
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.
"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.
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.
For the longest time pennies have always been known to be worth one cent but it's actually more expensive to make the penny compared to what it's actually worth. In an article by Jeff Sommer, “Penny wise, or 2.4 cents foolish”, he explains canada's decision of banning the penny and states that “each zinc and copper coin costs 2.4 cents to produce and distribute.”
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
Humbert Humbert is a pediphile plane and simple. It has been argued that's Humberts unnatural love for what he calls “nymphets” originated from his childhood love Annabel. They sent one summer together when they were teens and he instantly fell for her. That summer ended in tragedy when Annabel died and Humbert was emotionally lost. Due to the fact that Humbert never had any closer in his relationship with Annable, his emotional maturity was eternally set at that of a teen. As he progressed through life his only sexual desires were directed towards children of smile characteristics of Annable. These were his nymphets; “between the age limits of nine and fourteen there occur maidens who, to certain bewitched travelers, twice or many times older