Argumentative Essay: Should The Penny Be Eliminated?

Is the penny needed in the United States anymore? Some people believe the penny should be preserved because it is an important historical part of the United States.However, other people believe the menny should be eliminated because it is costs more to produce than what it is even worth. The penny should be eliminated in the U.S. currency because pennies are a waste of time, not worth a lot, too much to make, and nobody can buy something with just one penny. The penny should be eliminated because of several reasons including things will cost less and the government will not waste $100 million each year. In source 1 it states, “That cost is significantly less than the $50 a year in time wasted for each person, in addition to the $100 million per year lost to the U.S. Treasury.” This quote means we waste too much money on pennies. This quote supports the position that the penny should be eliminated because it cost too much to make. In source 3 it states, “A penny currently costs the United States government 2.4 cents to mint.” This quote means we we spend too much money on just one penny. This quote supports the position that the penny should be eliminated because it cost twice …show more content…
In source 3 it states, “However, several economists have noted that rounded prices should not cost extra money and may even lead to lower prices.” This means that taking away the penny can lead to lower prices. This quote shows that we should get rid of the penny. In source 3 it states, “For example, something currently worth 99 cents may well drop to 95 cents instead of rising to a dollar to avoid the higher price threshold and attract more customers. Market forces should protect prices—and rounding would make it considerably easier to count change.” This quote shows that prices can go down if we get rid of the penny. This shows that prices don’t always have to go up if we get rid of the