When you think about it pennies are pretty small and seem kind of useless. Have you ever wondered why don't we just get rid of the sill one cent piece? Well, if you want the economy to keep rolling than you’ll take it back right now. Pennies are important to our past present and future. Without them you will have to round up or down depending on the price of the time you're buying. The removal of the penny from our circulation is a bad idea!
The first reason that the removal of the penny is a bad idea is because Say that the U.S. decides to take the penny out of circulation and you go to Fred's Pizza to buy lunch every day. If before the removal of the penny the pizza was $3.03 it will now be $3.05. Though that 2 cents a day sounds minimal in a year that is costing you 7.3 dollars. Why pay more when you could save so much with the penny still apart of the American currency? In the article, Penny wise or 2.4 cents foolish, It says, “A $2.01 cup of coffee should be rounded down to $2, while $2.03 should become $2.05, for example but retailers …show more content…
The removal will result in prices dropping and rising to compensate for the loss of our copper pal. Even though pennies may seem small they add up quick! In the article, Give a Penny, Save the day By Ted Waterhouse, he discusses a middle school that raised over $3000 in one week of fundraising. They also talk about how people are more willing to pay with pennies than they would be with any other coin. One student from the middle school said, “If you asked for my quarters I would have said no because I use them for videogames.” He goes on to say that since he had more pennies and they didn't seem as significant he would gladly give them up for charity. The removal of the penny would also increase in a lot of American dollars lost. If you just melt all of the pennies in america think about how much money we will end up
The first reason that the removal of the penny is a bad idea is because Say that the U.S. decides to take the penny out of circulation and you go to Fred's Pizza to buy lunch every day. If before the removal of the penny the pizza was $3.03 it will now be $3.05. Though that 2 cents a day sounds minimal in a year that is costing you 7.3 dollars. Why pay more when you could save so much with the penny still apart of the American currency? In the article, Penny wise or 2.4 cents foolish, It says, “A $2.01 cup of coffee should be rounded down to $2, while $2.03 should become $2.05, for example but retailers …show more content…
The removal will result in prices dropping and rising to compensate for the loss of our copper pal. Even though pennies may seem small they add up quick! In the article, Give a Penny, Save the day By Ted Waterhouse, he discusses a middle school that raised over $3000 in one week of fundraising. They also talk about how people are more willing to pay with pennies than they would be with any other coin. One student from the middle school said, “If you asked for my quarters I would have said no because I use them for videogames.” He goes on to say that since he had more pennies and they didn't seem as significant he would gladly give them up for charity. The removal of the penny would also increase in a lot of American dollars lost. If you just melt all of the pennies in america think about how much money we will end up