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.
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 As source C states, “The time has come to abolish the outdated, almost worthless, bothersome, and wasteful penny.”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.
Pennies have caused more trouble than they are worth (Source C). People that use pennies to purchase items, waste their time and this action can further
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create annoyance in the customer. Customers can simply avoid this concern by easily handing the cashier cash instead of further slowing down lines and creating less patience for customers waiting in line for the person up front to finish fishing out a coin from their wallet (Source C). According to the National Association of Convenience Stores, handling pennies add 2 to 2.5 seconds to each cash transaction. Half of the time wasted is directly connected with a cash transaction, which gives a total of 40 wasted seconds per day per person. Furthermore, this amount of time translates to 4 hours wasted per person per year (Source B). Time is money and money is time; “If each person’s time is worth fifteen dollar per hour, then each person losing sixty dollars per year” (Source B). Everyone’s money is very valuable and wasting useless time to fish out a coin should not be something hard working Americans have to deal with. Pennies are a waste of government time.
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
currency. The penny is no longer valuable in American society. For many people, it serves as an annoyance and Congress should pass the legislation go eliminating the penny coin. The penny is invaluable in American currency and is no longer a critical part in our economy.
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.
Awarded the prestigious honor to remain forever engraved on the twenty dollar bill, Andrew Jackson became a figure in American history never forgotten. Future generations of younger students will not need to know Andrew for them to assume he was a great man. Unfortunately, the ignorance of idolizing Jackson because he appears on American currency serves to blanket the realities of his administration. Jackson should be removed from the twenty dollar bill.
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.
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.
Andrew Jackson became the United States of America’s seventh president in the year 1829. Born into poverty, Jackson received fame as a military hero and grew popular by representing the “common man”. He quickly became America's most influential political figure at the time. After such a polarizing career, Andrew Jackson was put onto the present day $20 dollar bill. In recent years there has been questioning by the american citizens about Andrew Jackson's qualifications. I agree that a man responsible for genocide and economic tolls on the country should not be represented on the bill.
...r he thought first-rate civic strategy required it. Jackson succeeded in destroying the Bank of the United States. Perhaps the most ironic part of it all is that the man who did not believe in paper money now has his face plastered on the most popular paper currency in circulation in the United States.
Andrew Jackson’s presidency could easily be described as one of the most controversial ones of all time. Honoring Jackson by putting his face on the 20 dollar bill in 1928 was an absolute mistake for the country. Jackson does not deserve his existing place on the 20 dollar bill. His policies towards the “Spoils System”, Native Americans, and Vetoes can all establish why Jackson is so unworthy of praise. Jackson’s abuse of power throughout his entire presidency makes him the perfect target for a deserved hatred from the American people.
To begin, more than half the amount of pennies made are lost and dropped out of circulation almost immediately. “ Two-thirds of them immediately drop out of circulation, into piggy banks or—as The Times’s John Tierney noted five years ago—behind chair cushions or at the back of sock drawers next to your old tin-foil ball,” as stated from “Abolish the Penny” by William Safire. To explain, while most pennies are disappearing, never to be seen again, the U.S.
For instance, in the article “Abolish the Penny (Source 3)”, it clearly states, “Where do they go? Two-thirds of them immediately drop out of circulation, into piggy banks or –as The Time’s John Tierney noted five years ago –behind chair cushions or at the back of sock drawers next to your old tin-foil ball.” Adding on, many people view the penny as a useless currency, and they even leave it in hidden places around their own home. The reason why pennies are sometimes located in piggy banks or at the back of sock drawers is that citizens see no purpose in obtaining them. In other words, it seems as if the penny has lost its fame and glory ever since other forms of currency have been established, such as quarters, dimes, and dollar bills. As explained by William Safire, quarters and dimes seem to circulate more often than pennies, and pennies “disappear” due to their worthless value and troubles. Specifically, the reign of quarters and dimes has overtaken the significance of pennies, and as time passes by, the term “penny” might not even be mentioned anywhere around the United States. In addition, more people nowadays tend to use quarters and dimes for due change, leaving the penny to become less essential for our needs. As stated in Source 3, the British and French have already abandoned their low-value coins approximately 30 years ago. This demonstrates the probable
By many aspects the one dollar note will just be a symbol of America and the American wealth, however we will see that it can convey way more than that. First and foremost, the one dollar note, is something judged to be common knowledge, everybody can approximately see what it looks like and they will not look in depth of what can be one of the most symbolic items of the United States of America. First printed in 1863, the dollar note was here to represent an abstract, yet know by everyone, money. Before then, coins were just the symbolic way of representing money.
Do you think the penny is worth keeping? Is the penny actually worth something? I think we should keep using the penny.
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 one cent coin of the United States of America, or the penny, has been debated to be discontinued or not. Barack Obama, the former president of the United States, said that the penny is a symbol of government waste. The penny should be abolished because it is harmful to the environment during production, wastes the government’s money, and is of no use in any useful machines in our current day.
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.
Wolman, D. (2010). Want to Help Developing Countries? Sell Them Good Stuff — Cheap. Retrieved from: http://www.wired.com/2010/09/st_essay_pennies/