How To Keep A Penny Essay

I think we should lower the cost of pennies, it cost to much to even make one penny. One penny cost almost 3 cent to even make a penny. Also, most of the time a penny is in a jar or on a dresser. The penny has increased to 7.6 million dollars a year to make a penny. Should we keep the penny. If we keep the penny prices will go up to five cents. The army don't think we even need the penny because it too heavy to travel. People will start rounding up to five cents. If we don't have the penny. Are culture would be forgotten shops prices will go up. Taxes would rise and people would go sick. Penny material is 3 cent for one penny i think they should change the penny to iron iron is only 3 per pound if we make are pennies out of iron. Iron is cheaper than coper, coper is 3 cent when iron is 2 cents. …show more content…
In the army the penny don't even you it they say it would cost them to much money to even carry them to there camp. If we don't have the penny. Without the penny prices would go up in shops they would round up to five cent. Like if buy something that is 2.03 it would be rounded up to 2.05 and you would be out 2 cents causing you to lose money, shop would begin earning money over time. Why we should keep the penny. If we keep the penny we would get more taxes over time. Shops wouldn't get money from you and you can save up. They are good for societies that help with cancer, fundraiser, etc. Pennys also teach kids about money like there 1, 5, 10, 25, and dollars bills if we didn't have the penny they wouldn't even know what they penney is an advanchley we would forget about abraham lincoln. Why is this import. This is important because we need are history like abraham lincoln and george washington would be forgotten. Soon taxes would go up people will pay more then we would complain and have riots and then we would have less money and prices would go up. In conclusion, I think we should just lower the cost of the penny and find