The Penny Debate - Should We Keep the Penny or Get Rid of It?

Should We Get Rid Of The Penny Essay

Getting rid of the penny has been a big debate going on in the U.S. right now. “The first penny was struck in 1787 by a private mint, and was the first currency authorised by the U.S. (3).” People have many views on this penny but, financially, the penny has become a poor investment and needs to get eliminated.

Should We Get Rid Of The Penny Essay

If we get rid of the penny, the U.S. Mint would only have to do half the work. This figure does not include the time, fuel, expense, and hassle of carting all of those pennies around to the banks, merchants, etc. If we stop making pennies in the first place, we save all this associated time and trouble, too. Rounding-up prices wouldn't matter.

Should We Get Rid Of The Penny Essay

The United States should abolish the penny because its value has greatly diminished and it is inefficient. To start off, the penny should be abolished because the value of the penny has greatly diminished in the last few decades. It takes nearly a dime today to buy what a penny bought back in 1950.

Should We Get Rid Of The Penny Essay

Without a doubt, the manufacturing of the penny should be discontinued in the United States. No coin has been as worthless, when it comes to spending power, in the history of the nation as the penny is now. Many countries have abandoned the one cent piece and the United States should be the next on this list.

Should We Get Rid Of The Penny Essay

I have another reason that we should get rid of the penny. About 2-3 times a year, I sort out the coin jar that I have and take all the lose change. I count all the money and organize it in different plastic bags with the amount in each bag. I go to my bank, and I exchange the coins for cash, because I never would go to a store with a bag of.

Should We Get Rid Of The Penny Essay

Plus, others point out that Canada, Brazil, Australia, and some other countries have gotten rid of their lowest-value coins. They think the U.S. should be next. But not everyone believes we should ditch the penny. Only 34 percent of Americans are in favor of eliminating the penny, according to a 2014 study.

Should We Get Rid Of The Penny Essay

Should We Keep the Penny or Get Rid of It? - About.Com 4. Should We Make Cents - 60 Minutes 5. The American Penny: How It's Stuck Around All These Years-US News 6. Why Keep the Penny? - AMAC 7. Don't You Dare Eliminate the Penny - Forbes 8. Why We Need to keep the Penny (and Dollar Bill) in Circulation - Sunshine State News 9.

Should We Get Rid Of The Penny Essay

In conclusion, I think we should get rid of the penny because they only cost one cent, but 2 cent to make the penny is a of wasting money. Also if they get rid of the penny the local store in your neighborhood will have to round up the money and that gives the government more money.

Should We Get Rid Of The Penny Essay

Should we keep the penny? Canada has recently announced it is getting rid of its one penny piece. BBC Breakfast asked viewers whether this is something the UK should consider.

Should We Get Rid Of The Penny Essay

Penny Argumentative Essay By Natalie Rodrigo, Megan Tieu, Li Li, Odalys Garcia. Another thing is people lose pennies so fast because of there size so its better to get rid of them. A penny is not worth it self or with others, its still to little to save them. Lastly, there waste of time and there not that worth it of saving them so I and.

Should We Get Rid Of The Penny Essay

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