“That will be two dollars, ninety-nine cents, please.” For American consumers, this is a phrase heard quite often. The purchaser will proceed to pull three dollars out of their wallet to receive a shiny penny back. Although currently the lowest denomination coin of the U.S. currency, the penny has a long and illustrious history. With this in mind, one cannot help but wonder why anyone would even consider eliminating the penny. It may seem that the penny is worthless, a waste of time, and…
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. It is a big part of American history, but they cost too much to produce. For a start, pennies cost more than they are actually…
The Life Story of the Ten Dollar Bill It’s a windy spring day and you have decided to buy an ice cream cone. As the employee at the ice cream cart scoops your chocolate ice cream, you search through your purse to find money that will pay for your tasty treat. The smallest bill you have is a ten dollar bill. As you pull it out of your purse, the wind takes the money out of your hand. You chase it and finally get close enough to stomp your foot on top to stop the wild chase. As you pull it…
People think the penny should not be made anymore. I am against this, and the penny is worth a lot and there are facts to prove this.The sources that the penny should still be made is the every changing penny by maria story and Give a penny save the ay by Ted waterhouse. The penny should still be made and there are many sources to state that the penny should still be made. First of all, the penny is apart of American culture.According to the every changing penny by Maria story it states. “The…
Standing in line and waiting for the little old lady at the front to fish the $3.62 out of her purse and hand it to the cashier is completely a waste of time, especially since exact change is a nearly impossible feat in today’s economy. Rarely would one get a total of $10.00, more common are prices like $9.34 and other inconvenient numbers. Pennies are the smallest form of U.S. Currency and are worth $0.01, or one cent. The question arises, is the penny even worth using? We should eliminate the…
Ban the Penny It's supposed to be good luck to find a penny and pick it up but it won't make you wealthy. According to a stat from MoneyCrashers.com if you pick up a penny taking five seconds you would earn $7.20 an hour which is under minimum wage. That just goes to show how useless pennies are. 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.…
government. Ultimately, pennies have little practicality in the modern world and are of increasing consequence to the American economy. Some people, like Edmond Knowles, may advocate for the saving of pennies. Knowles has saved an average of 328.5 dollars a year (based on his own estimate that he saves 90 pennies…
Many believe the penny should be preserved and in which it should. The penny is part of American history and plays a big role in currency. The penny should be preserved because even the smallest amount of money and make something bigger than its own worth. Pennies may be historical but they also save customers and shop owners from awkward and confusing moments. According to the text it states, “In truth, it is more than a coin—it is a piece of American culture.” This means that it it is not…
produce than it is actually worth, they hurt our environment, and they take up too much space and time. Even Canada has abandoned their pennies, for enough reasons that apply to our own country as well. "They are worth so little that many Canadians don't bother to use them at all." I think the same goes for America, how we only produce the coins, ignoring the…
its existence, but the single cent value seems to be lost in people's wallets and purses. The penny should be abolished because it is impractical in everyday use and it wastes valuable time. Not many people use the penny as much as they used to, dollar bills are easier to use in making purchases than pennies. A single cent cannot buy anything anymore and it makes the penny more useless than it seems. In the article “Ban the Penny” by Mark Lewis, it is stated, “Kolbe, an Arizona Republican, is…