How significant is the penny for you? In the 1970’s, two pennies would buy a newspaper from the street vendor. These days, people don’t even bother picking up pennies off the street. Should the penny be retired?
The penny was the first currency of any type authorized by the United States, and for over two centuries, the penny's design has symbolized the spirit of the nation. The design of the first one-cent coin was suggested by Benjamin Franklin. The original penny was over five times heavier and almost 50% larger than its equivalent. The word penny is derived from the original British coin of the same name. Over 300 billion one-cent coins, with 11 different designs, have been minted since 1787.
There are many reasons the penny should be kept. Supporters point out that if pennies are eliminated, all cash transactions will have to be rounded off to the nearest nickel. This will lead to a rounding tax as stores manipulate their prices to ensure that transactions are always rounded up instead of down. It is also opinionated, by many Americans, that it is disrespectful to the memory of Abraham Lincoln. The penny is the only coin bearing the image of Abraham Lincoln, probably our nation’s most revered president.
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One reason is that pennies are now worth so little that people often don't pick them up off the street, despite the lucky-penny saying. Second, minting pennies are a waste of money. The U.S. Mint produces about 7 billion pennies a year at a cost of $100 million. Pennies are made of copper and zinc, two metals that have recently soared in price. Because of the high value of those metals, a penny is worth more melted down than as the U.S.
Next, we determined the mass of the penny by placing it on a balance. The mass of the penny was 2.47 grams. Afterwards, we placed the penny in a beaker filled with 20 mL of 6 M HCl. In the end we put the beaker in the fume hood and allowed it to sit overnight. During day two of the penny lab, we removed the penny skin from the beaker using tweezers.
As stated in the text,”In truth, it is more than a coin—it is a piece of American culture.” Even though the penny has some culture, culture is nothing compared to losing money the losing money part is way more important than just being part of American culture. This shows how people can hold onto the smallest things for the dumbest reasons. Another thing stated in the text was,”Still, for many people, the penny's sentimental value remains the same.” Even though the penny may have some sentimental value the government is losing a ton of money minting new pennies because they cost more than they have in value.
Mint. But what they forgot to mention is that they’d have to produce even more nickels, and that could result in an even more loss of money. Every single 5-cent nickel being produced from the US. Mint is costing 11.18 cents. About 1,223,040,000 nickels are produced each year.
According to Source 4: Favor Abolishing The Penny? By the New York Times, The data shows 59 percent are for keeping the penny while an underwhelming 23 percent are for abolishing it. Conversely, the reason for the difference is unclear but, if more people were aware of the repercussions pennies are causing they arguably most likely would switch sides in the argument. According to Abolish the Penny by William Safire, “There is no escaping economic history: it takes nearly a dime today to buy what a penny bought back in 1950. Despite this, the U.S. Mint keeps churning out a billion pennies a month.”
Andrew Jackson This is a paper about Andrew Jackson being on the 20 dollar bill. The question I am going to answer is, should Andrew Jackson be on the 20 dollar bill? First of all, let 's talk about the characteristics someone needs to qualify to be put on U.S currency. I think, the person in question need to be honest, brave, a leader, and needs to fight for what they believe in. They can 't give up at the first sight of danger.
Does Andrew Jackson Deserve to be on the 20-dollar bill? In my belief Andrew Jackson does not belong on the 20-dollar bill, due to the simple fact of that in 1836 Andrew Jackson tried over throwing the U.S national bank because he believed that hard currency like gold and sliver should be used. Andrew Jackson in some sense is an ironic placement on any paper currency in the United States. Although this topic is very controversial in the United States. I will try and clarify my belief about why Andrew Jacksons placement on the twenty dollar bill and why he should be reconsidered.
“The time has come to abolish the outdated, almost worthless, bothersome, and wasteful penny,” says William Safire. The coin today is not worth what it was before, and very few items can be purchased with the penny. Also, the cost to produce and ship the penny through the country cost more than it is worth. Reason one as to why the penny should be eliminated because in today 's world nothing can be purchased with a penny.
The density of the penny was 4.68 g/cm3 before the experiment and 4.43 g/cm3 at the end of the experiment. The density of gold, though, is 19.3 g/cm3. Since the densities of the penny and the gold are different, the penny clearly did not change into another element. The gold color of the penny was a result of the flame that it was held above melting the zinc that it was coated in with the original bronze colored coating of the penny, creating an alloy with a shiny yellow color. Since neither of the pennies, silver colored or gold, changed densities throughout the experiment and each retained their own properties; the properties of copper; no new elements were
So why do we still have it? The penny is outdated and unnecessary. The penny costs an irrational amount of money compared to what it's worth. The penny, a one cent coin, costs 2.41 cents to make, which is nearly 1.5 times what it's worth (source 1). That means that annually, the United States loses 60 million dollars in pennies every year!
John Green, a well known NY times author proclaims, “If Abraham Lincoln were alive today, he would say ‘why is my face on a coin that is worth 1/26 of what a penny was worth when i was president?’” Lincoln and his monument would still be on today 's $5 bill. Even the United State government stopped using the penny and are now rounding to the nearest
Off with the Head The penny is one of America 's most iconic coins, but yet people toss them once in their possession. Most thoughts about the penny are more negative than positive. Lewis, Mark’s passage (Source A) shows the reason is has not been banned yet. Kahn, Ric’s passage (Source B) explains the penny was only good in its prime, and now is wasting our time.
Argumentative Text Essay In the book Nickel and Dimed, written by Barbara Ehrenreich, the author argues how challenging it is to live in a life of poverty. To prove to herself as well as others that this statement is accurate, she makes the decision to experience this lifestyle firsthand by taking low-wage jobs and recording the results. Ehrenreich took on jobs including a maid service, waitressing, and assisting the nursing home to make enough money for a place to sleep and food to eat. The work’s central argument is the fact that minimum and low wage workers face a myriad of difficulties in getting by in America; they receive very low pay, harsh treatments from their employers, and the inability to have an actual life.
That is why I am supporting the retirement of the pennies. With me supporting the retirement of the penny I have some evidence on why the penny should be retired. One piece I have is in the article it states that it costs 11 million dollars to make pennies in other countries. That it is a lot of money being used even though the penny doesn’t really get used, it just gets pushed to the side and never gets used. They could be doing more with the 11 million dollars.
I just don’t believe why they made The Stamp Act a thing. They made people poor. Some people weren’t even able to pay the taxes. They were put in jail because they couldn’t pay for the taxes. It’s just wrong to make people pay for PAPER.
Therefore, the one cent not the greatest coin and the government should stop production of the penny. Last reason why the penny should be gone is, people just don't like them anymore and they take up too much space. For example,” people store them in jars refuse them as change and throw them away in water fountains.” See people are over the penny. Also,“pennies are not worth the trouble of carrying them around and take up too much space.”