A penny one of the most useless objects in modern society this brown object causes more problems than solutions. It would be a smarter idea to purchase something with a rock rather than with a penny. This coin which has been in circulation for awhile and has lost its purchasing power, their is absolutely nothing that can possibly be bought with one penny. One may say that the penny only has value in numbers which is true, but in reality no one likes the person that takes out his jar of pennies at the cash register to pay for his items. The penny is no longer a necessity and terminating it would not hurt anyone, so by keeping it we create a hassle that not worth having.
Pennies are not worth wasting your time on and taxpayers a paying a cost that is not worth the hassle. Taxpayers lost 60 million dollars on the distribution and production of pennies in 2011,these losses were obviously known the mint reporting losses totaling 47.2 million dollars between 2009 and 2010. These losses are unnecessary ,there should be
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no reason for the mint to have to produce something that is not even worth itself. These losses are too great to have the need for the mint to continue the production of these worthless coins. Right now the price to make one penny is 1.7 cents. Even with this knowledge the mint continues to produce the penny ,and the penny is not the only coin that creates a loss. Nickles also are not worth the face value of the coin with the production of one costing 11.2 cents a coin. In 2014 the United States spent 132 million dollars on the production of 8 billion pennies. This waste of taxpayer money is unethical and should not be a problem getting rid of the penny would cause no economic harm and would change nothing. Other countries have terminated their one cent coin without consequence ,one example of this is Canada in 2012. The Canadian mint finally came to the conclusion that their one cent coin was no longer a necessity ,but a hassle which had lost 95% of its purchasing power. The Canadian government saved C11 million a year from removing the one cent coin from production. This is a small change it only being equivalent to 0.0006% of GDP. The real reason for its elimination was to eliminate a uneconomic waste of time that its citizen would have to deal with. It frees up people's time and allows them the luxury of not having to deal with these useless objects.It also frees up their drawers and purses from all the clutter pennies cause. Many have argued in favor of the penny mostly with the argument of how pennies allow charities to raise money for their specific causes.
They state that if the penny is eliminated then charities will have no real simple way to raise money. This statement is not a good one charities have multiple ways that it could raise money efficiently. If them relying on a one cent coin to keep their foundations alive is necessary ,then they probably need to find some alternatives. Also if the the penny is eliminated we don't have phase it out entirely. They could still hold their value for a span that is seen as fit or until their is to few in circulation. This allows charities to continue their fundraisers and allows them to find alternatives for raising money. The span of time until the penny is finally a unacceptable form of payment will be unknown ,but the span in between will prove acceptable for users of the penny to figure their stuff
out. So to continue the time of the penny is done there is no more use for it you can not make purchases with it so there's no reason for it. The more time that we allow it to continue the more economic losses we will continue to experience, The downsides have been set their disadvantages have been known ,but for the oddest reason we continue to have the audacity to continue minting them. Why should this continue the steady increase in losses will continue and their need will continue to diminish.The need for them is no longer necessary and their use not needed stopping its production will be a beneficial. The money that would be saved would be little ,but it would allow the mint to reduce their workload and allow them to focus on bigger problems. In conclusion the penny a remarkable waste of time should be removed from production and out of the lives of people. Its annoyances should no longer be felt it should no longer clutter our drawers and purses. Ridding ourselves of this problem will allow us to use our time in more useless and unproductive ways.
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 America’s modern day economy, the penny is very useless and irrelevant in our society today. As source C states, “The time has come to abolish the outdated, almost worthless, bothersome, and wasteful penny.” There is not one item that can be purchased with a penny anymore (Source C). As source C states, “it takes nearly a dime to buy what a penny bought back in 1950.” Stores such as the Dollar Store prove how the cheapest items you can purchase are with only a dollar, not a cent. Pennies are shoved out of the economic picture by credit cards and because of the modern-day technology, there are even self-service machines that help convert coins into paper money (Source B). Furthermore, pennies are easily tossed into piggy banks or appear behind chair cushions. It is not used the same way as it was before.
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
According to source #4, it states, “The one cent has influenced our language, giving us a number of idioms, such as ‘a penny for your thoughts’ (a way to ask what someone is thinking) and ‘not one red cent’ (meaning no money at all).” This is significant because it shows that the penny has affected the English language, giving the language more idioms to use. It is often said that pennies should not be manufactured anymore due to their excessive cost of manufacturing and distribution. Yes, numerous people do acknowledge that fact, but the government can also propose that pennies are to use inexpensive metal, like steel, which makes the entire coin industry save money and has the cost of coins to be cheaper to make.
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.
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.
Back in the 1900’s kids all over would be so grateful to find a penny. Doing so meant they got to run to the local candy store. William Safire, author of “Abolish the Penny” agrees with the notation of abolishing the penny. In Safire's article he makes a strong claim stating that you, “can’t buy anything with a penny any more” (Safire). Expanding on that claim, there is no point in keeping something around that is taking a resource of zinc and copper, when the resource is being wasted to the garbage. Back in the day it would be absurd to throw such a useful coin away. There is no real need for the coin so keeping it around is simply
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
Not everyone agrees that the penny should be totally eliminated. No matter what your stance the penny debate is real and the United States has to make a decision one way or another.My stance is no, we don’t need the penny anymore. You can’t buy anything with it like you can with a courter. Pennies aren’t needed the price might be 0.99 cents but we have tax so it’s rounded up.I know some people collect them because they have been around forever but, they are not needed. I feel there shouldn’t because we lose money making it, it would be easier to round up or down and it takes a lot of time to count.
Pennies that were once created to hold a value of one cent are today more trouble than they are worth and should be abolished for numerous reasons. “Can nobody rid America of this cooper-coated scourge?” (Source A). The penny that “Once, it had swagger” (Source A), is slowly declining in popularity over the years as individuals grow less fond of them.