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.
The penny might not be worth a lot of money but when saving up a lot of penny’s they can be taken to a bank and be exchanged for bills. Bills is what every one wants to have there wallet full of. Often times many children collected penny’s that they find and put them in there piggy bank. Smiles goes across any child’s face when they reach down and pick up a copper penny off of the ground. If the penny is on heads then there will be much good luck to come. Good luck is something that everyone seems to need and wants. A vacation can be taken while saving up every penny that is found. Collecting penny’s for a whole year
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and then take them to the bank to get them cashed into bills can be a great way to earn lots of money. The money earned can then go toward a family vacation. Family vacations can be relaxing and fun. Source A states “that the penny would be render unnecessary if the Legal Tender Modernization Act was passed. But the penny is not unnecessary. The penny helps people pay for there food when buying groceries. Not all food that is bought is a perfect whole number. Often times many foods purchased has an uneven price. A MacDonalds kids meals could cost $3.47 cents. The cents are uneven and need the penny to be able to pay for the meal in the correct amount of change. Many places like the Fords car lot will only take the correct amount of change when buying a car. Also the penny is good to put in the st. Judes Children’s research hospital jars that sit on the counters at the front of the store where the cashier works. The money put in the jars got toward finding a cure for cancer and many other diseases that take the lives of many children. The cost of the penny could help save the lives of others. The penny does not just drop out of circulation.
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
family. The penny is apart of history. Dating back to 1787 the penny was the first currency that was made in the united states. The first coin to be produced. Part of establishing a system were money is used to buy the goods that are needed to survive instead of trading goods for goods that are needed. Part of the American heritage. The superstition that finding a penny on heads can give one good luck. The penny has been part of the American society for hundreds of years. Why give up something that has been apart of our society and history for hundreds of years? It would be like losing a part of history that could never be found again. Source B states that “Abraham Lincoln first appeared on the penny in 1909.” History does not have to come from just a text book but can be found anywhere in the world. The penny is apart of history just like president Abraham Lincoln is a part of history that greatly impact the lives of others. The penny has had a great impact on the lives of many dating back to when the penny was first created. The penny should be kept in the circulation of currency instead of abolished. Many low income families depend on the penny to help provide for there families. Without the penny history would be lost.
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
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
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.
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.
...ave money value, because then at least those who wanted to make a profit from you would make sure you were fed enough and not damaged too much. Also, there were many who had neither love nor money value, and having one of these things was better than having nothing. (Atwood 126)
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
Pennies should be kept, although they don’t look very valuable, and are basicly worthless, they can add up. To make pennies worth keeping, all they need to do is change the substance to steel, which is a much cheaper one than zinc and copper.
Evidence from a TIme magazine article about financial reform is ¨ The penny is a currency without any currency¨ (Stanburn) Currency is a word the means system of money exchange so this quote means that the penny is a coin that doesn't help us exchange value. This quote from an article by a coins expert states ¨They don't buy anything, many people just throw them away, and nobody wants to use them, so let's just get rid of them!¨ (Headley). This quote is talking about the fact that you can’t buy anything with a penny, in today's economy nothing cost one cent because of this pennies tend to collect on people's dressers, in jars, and in trashcans. Ar reason from a Money Week article is we should remove the penny from circulation because the U.S. has had to pass legislation banning the melting of pennies.(Heaton) If our coins face value is so little that people can and do melt coins down for the metals in them and make a profit and to force the U.S. to ban the procedure just shows how little the penny is truly worth. The penny should die because it is not worth any thing, in fact it wastes
Time is wasted, by all parties involved, in each transaction when cash, and more specifically pennies, are used. In an excerpt from a New York Times article, writer William Safire states, “They cost more in employee-hours—to wait for buyers to fish them out, then to count, pack up and take them to the bank —than it would cost to toss them out.” Getting rid of the penny would save time for not only the customers, but also for the employees and employers. If customers no longer use pennies, the transactions will go faster, allowing more transactions to take place in a given period of time. No longer using pennies can not only save time, but it can also save money. MIT graduate Jeff Gore created an equation to express the amount of money that is lost because of the copper coins, and he concluded that “‘If each person’s time is worth $15/hour then we arrive at the conclusion that each person is losing $60 per year, at a cost to the nation of over $15 billion per year….’” Gore’s equation shows how inefficient the use of the penny is, and further develops the thought that it should be abolished. The penny simply costs more money to use than it is even worth. The current lowest denomination coin has been easily proven to be a waste of time and money, and should no longer be used in the U.S. money
Pennies can't be made for lower than their value and that is why they are unprofitable. Confirmed by Zagorsky, “One of the most compelling reasons cited fro getting rid of the penny is the fact that its become unprofitable due to inflation and the rising cost of materials. The U.S. Mint has been losing money on every penny it's produces since 2006.” The penny isn't used enough by the people who live in the United States to make up for the production costs so that is why people feel we should abolish the coin. Time is wasted both with production and at the cash register. Demonstrated by Michaela Kaplan, a New York Time writer, “The National Association of Convenience Stores did a study showing that pennies extended transactions by two to two-and-a-half seconds. You lose an hour or two per year dealing with pennies that you happily leave in jars or under the cushion of your sofa.” This emphasizes that stores personally don't like dealing with the inconvenient penny. With how fast paced everyone is in our society today it is hard for people to have the patience and wait for that extra time to get change back and thats why everyone is changing electronically. Each year people will be surprised at how many pennies they lose and how much time they waste in the store worried about getting exact change. People would have more time to get other things done in the day if they didn’t have to worry about
Imagine being involved in so much pain and misery, pharmaceutical tests, vaccine tests, Military experiments and training and brain experiments. 125,000 primates are imprisoned in US laboratories every year. In order to take the Primates at a young age from their natural habits, trappers will shoot the mothers from the tree, shock the animals with dart guns and capture the babies who are still clinging onto their dying mother. Do animals not deserve to be cared for the same way people care for other people? In laboratories, primates go through series of experiments that lead up to their death. 90 percent of primates in laboratories develop psychological issues. After being taken from family, Primates are locked in a small steel cage and left to be alone. At most the primates are given cheap plastic toys, scratched mirrors and occasional fresh fruit such as an apple or banana. Primates will eventually begin to
In the U.S., especially among my fellow conservatives, talk about reforming America’s democratic system is quickly silenced. People don’t like change, especially when what they’ve got is working well. Reforming the Constitution is essential to our survival as a country. Without reforms, one finds little responsibility in government; but there have been reforms. Although, these reforms have taken us in the wrong direction. Democracy as we know it, is not the same as the Founders knew it and in the future, we will not even recognize it.
Every individual’s life is dictated by paper and coins. Without money, you cannot buy food, clothes, shelter or the necessities needed