Pennies Should Be Eliminated

Decent Essays
Recently a debate has surfaced about whether or not the United States should continue to produce the penny. The penny has been around for a long time but it seems there is no use for it any longer. Although it is small it has cost the U.S. lots of money throughout its near 200 years of production. So the question here is should we really continue to produce a worthless coin? The Canadian government has recently decided to stop the production of the penny. In the article “Penny Wise, Or 2.4 Cents Foolish?” by Jeff Sommers, Jim Flaherty, the Canadian finance minister, was quoted saying, “Pennies take up too much space on our dressers at home.” Point being, nobody wants to carry around or store so many small, worthless coins. They only want

Related Documents

  • Improved Essays

    Abolish The Penny Summary

    • 541 Words
    • 3 Pages

    Although the penny costs more to make than what it's worth, we continue to produce it. " U.S. Mint keeps churning out a billion pennies a month. Where do they go? Two-thirds of them immediately drop out of circulation, into piggy banks or …behind chair cushions or at the back of sock drawers... Quarters and dimes circulate; pennies disappear because they are literally more trouble than they are worth."…

    • 541 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Noah Goldfarb Jeanne Morgan Honor Chemistry September 8, 2015 All That Glitters Lab In this lab, my lab partners and I were trying to prove that pennies that was made before the year 1982 is more dense than the pennies made now due to the materials used in the pennies we used now versus the materials we used before 1982. In order to prove that the pennies in 1982 is more dense than the pennies we currently have, we used a graduated cylinder to calculate the volume of both the pennies before and after 1982 as well as the unknown metal sample.…

    • 208 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    Would abolishing the penny be an economical challenge for the state? A United States Representative , Jim Kolbe went to congress with a bill to eliminate the coin. Even though he failed, there is still many wanting to do away with the penny as the smallest coin because they think it is worthless. The penny has a story that shows the importance of history including our previous United States President, Abraham Lincoln.…

    • 229 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Penny Synthesis Essay

    • 710 Words
    • 3 Pages

    Debate has arisen in the United States over the economic value and need of the penny. The penny is the United States’ coin with the smallest value---only one cent. Recently, many have been discussing getting rid of the penny. It’s a waste of money and materials to produce and they’re easily forgotten more often than used. After much deliberation, I can conclude that penny is insignificant to our economic system and getting rid of it would benefit the United States’ economy.…

    • 710 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Penny Dbq Analysis

    • 456 Words
    • 2 Pages

    How would you have responded to this question, had it been assigned to you? If this question was assigned to me, I would have chosen to defend the penny because it is too important to American society. Review the documents. Which documents would be helpful in supporting the position you chose?…

    • 456 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    In 2001, Jim Kolbe (a member of the house of representatives) proposed a bill to congress to remove the penny from the American currency. Although this bill was rejected, there were many individuals who agreed with the it. Looking at the proposal from a logical point of view, it would make sense to remove the penny from the American currency as it becomes a nuisance to the common civilian and it costs more to make than it is worth. Wasting the time and pocket space of the common man, the American penny still holds strong as the smallest denomination of our currency system.…

    • 606 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Penny Argument Analysis

    • 480 Words
    • 2 Pages

    Harvard Economist Greg Mankiw one said, "It costs the mint well more than a cent to make a penny. The solution, in my view, is to get rid of the penny. " This means that the penny costs more to make than they are worth. The materials that are used in the penny are expensive and taxpayers lost millions of dollars for the production of the penny. The production of pennies should be eliminated throughout the United States.…

    • 480 Words
    • 2 Pages
    Great Essays
  • Improved Essays

    We have wasted time, effort, and our economy on pennies. And all they do is just weigh down your pocket. It is common knowledge that pennies are more expensive to produce than they are worth. But, there are many other negative detriments about pennies. Honestly I see them more in math problems than in real life.…

    • 608 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Research About Pennies

    • 977 Words
    • 4 Pages

    Another fantastic reason is because sometimes I couldn't see the president on the coin because of the dirt The reason why I wanted to study cleaning pennies is because I like shiny coins especially pennies . Instead of the old dirty, rust, and nasty pennies I wanted to figure out which solution will make the pennies be cleaner and shinier than they were out of bleach solution salt and vinegar solution, toothpaste solution, and vinegar/ baking soda solution. As you might know Pennies are made from Benjamin Franklin because he had a thought to bring the penny to america even though most people in America call it penny the real expression is actually “one-cent” piece. The expression “penny” came from the british and they call their penny…

    • 977 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Penny Synthesis Essay

    • 699 Words
    • 3 Pages

    While the penny represented a major departure from American coinage and carries a tangible reminder of Abraham Lincoln’s significance in American history [Source F], the penny is no longer an item of sentimental value to all who carry it. As America continues to progress as a nation, we must be able to accurately represent our world as it is today. In order to do so, we must retire the penny as a memory of history, and adopt new ways of currency to match our ever changing society and economy. America can no longer live in it's one-cent past, but must allow for new ideas and different types of currency to…

    • 699 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The Silver Question Dbq

    • 560 Words
    • 3 Pages

    The “silver question” was a major factor leading into the depression of 1893 in America. This issue led to up roars from miners to farmers while the government leaders at the time stood back and watch the madness unfold in front of them. The problem began with the debate of currency at the time and what would be the base of a dollar. The people of the time believed deeply in the idea of money needing backing in real worth (such as silver or gold) where as today people have more faith in paper money.…

    • 560 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Although the penny displays the nation's growth and can save people money over time, the penny is a useless coin costing millions of dollars for the US, wastes time, and causes more problems than it is worth. As a growing issue, the United States continues to pay millions of dollars every year to create useless pennies. Approximately 46 million dollars of the governments money was spent on unproductive pennies last year. Source C adds to this statement when incorporating the U.S. Mint and that they, “make out a billion pennies a month.”…

    • 778 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Within the past few years, its cost has fluctuated slightly, but has stayed around 1.6 cents. At such a low value to begin with, and costing more to make than its actual value, it is not worth the time, cost, nor the energy being used to produce the penny. While all of this energy and money is going into manufacturing these pennies, the mills could be much more efficient and mass-produce many other coins, more useful than the…

    • 832 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    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.…

    • 595 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Nickel And Dimed Argument

    • 909 Words
    • 4 Pages

    When presented the experiment of living off of minimum wage, Barbara Ehrenreich, embarks on a journey that is followed throughout Nickel and Dimed and shows the struggles that she encounters living the life of a person in poverty. Ehrenreich argues that different systems in America are setup to actively keep those people working for minimum wage in poverty and this system prevents them from moving up in economic status. Ehrenreich’s argument is strengthened by the many experiences she presents in the book showing the difficulties of living life gaining minimum wage. Ehrenreich, while low on funds and in need of help, talks about her own personal experiences with trying to get some food.…

    • 909 Words
    • 4 Pages
    Improved Essays