Donating a penny is simple but giving away something more worthy, we tend to get hesitant. People fear that they will lose more money if United States got rid of pennies, steel can be replaced to make pennies instead of copper, and collecting pennies can truly add money quickly. I think that the United States should keep pennies.
First, getting rid of pennies will raise the prices on items. "Penny Wise or 2.41 Cents Foolish" says that if a cup of coffee costs $2.01, it should be raised down to $2 but we all know that would never happen. Removing pennies will raise the price to $2.05. Who would want to spend more money on items because United States removed pennies. People who receive less salary than others will be stressed to pay for food …show more content…
This material can substitute copper to recreate pennies. Using steel is a cheaper alternative than copper. Lawmakers have directed the mint to study ways to make small coins more cheaply. In 1982, pennies were mainly made of copper. Now, pennies are 97.5 percent made out of Zinc and 2.5 percent copper. Copper isn't used a lot in pennies so why not change the penny material.
Third, adding up pennies are worth more than you think. Washington Middle School hosted a penny drive for charity. Every grade brought in a jar of pennies and the total came up to be over $3000 in a week. Hosting a penny drive ever month can majorly help the school by adding new materials on campus. Collecting pennies every month will definitely help you. Just because a penny is worth little doesn't mean it can add up to a lot of money. If every person walking by a someone in need gives a penny at least, he or she can receive over $100 a day. This can help someone in need by a lot.
Many will argue that pennies cost more to produce than they are worth. It costs 2.41 cents to produce and distribute one penny. The United States Treasury can change this by replacing Copper with Steel. After all, the penny is mainly made out of
First, getting rid of pennies will raise the prices on items. "Penny Wise or 2.41 Cents Foolish" says that if a cup of coffee costs $2.01, it should be raised down to $2 but we all know that would never happen. Removing pennies will raise the price to $2.05. Who would want to spend more money on items because United States removed pennies. People who receive less salary than others will be stressed to pay for food …show more content…
This material can substitute copper to recreate pennies. Using steel is a cheaper alternative than copper. Lawmakers have directed the mint to study ways to make small coins more cheaply. In 1982, pennies were mainly made of copper. Now, pennies are 97.5 percent made out of Zinc and 2.5 percent copper. Copper isn't used a lot in pennies so why not change the penny material.
Third, adding up pennies are worth more than you think. Washington Middle School hosted a penny drive for charity. Every grade brought in a jar of pennies and the total came up to be over $3000 in a week. Hosting a penny drive ever month can majorly help the school by adding new materials on campus. Collecting pennies every month will definitely help you. Just because a penny is worth little doesn't mean it can add up to a lot of money. If every person walking by a someone in need gives a penny at least, he or she can receive over $100 a day. This can help someone in need by a lot.
Many will argue that pennies cost more to produce than they are worth. It costs 2.41 cents to produce and distribute one penny. The United States Treasury can change this by replacing Copper with Steel. After all, the penny is mainly made out of