Penny's Argumentative Essay: The Banning Of The Penny

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Penny’s argumentative essay
Penny’s are a huge part of our history but they are destroying the economy. The argument about the penny ban is very controversial. The penny should be ban for many reasons like they are costly to produce, other countries are successful with the ban and they have little to no worth.
The cost of the penny is too expensive. It cost 2.41 to produce and distribute. They overall cost more to produce then they are worth. If we were to get rid of the penny and rounded to the nearest 5 cents it would save us money and time. Most companies would round down for the simple reason, to avoid threshold. The U.S lost 60.2 million in 2011 fiscal year. We would save more money is we eliminate the penny. We should ban the penny because it cost to much to make and distribute. …show more content…

The country Canada and the United States have a lot on common when it comes to the socialnomics and culture. They have eliminated the penny with no problems after. Along with other places like New Zealand, Australia, Brazil, Norway, Sweden, Switzerland and Britain have dropped their lowest valued coin without dire consequences.
The penny has very little worth for people now days. The military won't ship pennies because they cost to much and it wouldn't be worth it. (Mancuso). There would be no profit if they were to ship pennies. The penny takes up too much space and ends up taking up a lot of room on our dressers. (Sommer). The penny is worth so little most people don't feel the need to carry around a bunch of coins. Time wasted counting pennies could add up to over $700 million per year nationwide. (Mancuso). We waste to much time with

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