Does the Penny Positively Impact the U.S. Economy?
Tim Forsyth
David Douglas High School
Abstract In recent years, the penny has gained an abundance of unwanted attention, creating a controversy around whether or not it should it should be produced any longer. There are many advocates for both sides of the coin and this paper examines each approach. This examination highlights the issues the penny has as well as its impact on the U.S. economy and suggests that in the long run, the penny is worth more than it’s face value.
Does the Penny Positively Impact the U.S. Economy?
The penny has been in production since the beginning of the U.S. economy, and up until recently, it was produced for a profit. In recent …show more content…
The worth of the penny is more than just it’s face value of one cent; it provides structure and balance to the U.S. economy. As long as the U.S. Mint continues their efforts to decrease the cost of production of pennies, then they should continue to be circulating throughout the United States.
References 2014 Biennial Report to the Congress as required by The Coin Modernization, Oversight, and
Continuity Act of 2010 (Public Law 111-302). (2014, December). Retrieved February 21, 2015, from http://www.usmint.gov/about_the_mint/PDFs/2014-rd-biennial-report.pdf McGinty, J. (2014, September 19). Easy to Lose and Expensive to Produce: Is the Penny Worth
It?. Retrieved February 21, 2015, from http://www.wsj.com/articles/easy-to-lose-and-expensive-to-produce-is-the-penny-worth-it-1411145870 The Penny's Economic Importance. (2014, December). Retrieved February 21, 2015, from http://www.pennies.org/index.php/penny-the-economy/the-penny-s-economic-importance Weller, M. (2012, November 29). Statement of Mark Weller Executive Director Americans for
Common Cents on the “Future of Money: Dollars and Sense". Retrieved February 21, 2015, from
Tim Forsyth
David Douglas High School
Abstract In recent years, the penny has gained an abundance of unwanted attention, creating a controversy around whether or not it should it should be produced any longer. There are many advocates for both sides of the coin and this paper examines each approach. This examination highlights the issues the penny has as well as its impact on the U.S. economy and suggests that in the long run, the penny is worth more than it’s face value.
Does the Penny Positively Impact the U.S. Economy?
The penny has been in production since the beginning of the U.S. economy, and up until recently, it was produced for a profit. In recent …show more content…
The worth of the penny is more than just it’s face value of one cent; it provides structure and balance to the U.S. economy. As long as the U.S. Mint continues their efforts to decrease the cost of production of pennies, then they should continue to be circulating throughout the United States.
References 2014 Biennial Report to the Congress as required by The Coin Modernization, Oversight, and
Continuity Act of 2010 (Public Law 111-302). (2014, December). Retrieved February 21, 2015, from http://www.usmint.gov/about_the_mint/PDFs/2014-rd-biennial-report.pdf McGinty, J. (2014, September 19). Easy to Lose and Expensive to Produce: Is the Penny Worth
It?. Retrieved February 21, 2015, from http://www.wsj.com/articles/easy-to-lose-and-expensive-to-produce-is-the-penny-worth-it-1411145870 The Penny's Economic Importance. (2014, December). Retrieved February 21, 2015, from http://www.pennies.org/index.php/penny-the-economy/the-penny-s-economic-importance Weller, M. (2012, November 29). Statement of Mark Weller Executive Director Americans for
Common Cents on the “Future of Money: Dollars and Sense". Retrieved February 21, 2015, from