Pennies should not be made anymore. Pennies should not be produced anymore because they aren’t worth having,society doesn’t want them and think they are a nuisance, the only people who want to keep them are the big banks and the government. Pennies aren’t worth having. “Material prices have driven the cost to produce the coin to 1.4 cents and above. Every year, our government is losing money in making these things.
Another piece of evidence I have is that in Canada the Canadian senate committee held a meeting on whether the penny should be spared and if they did think that it should be spared to come forward to say why. No one came forward and said why the penny should be spared. My last piece of evidence is that already some countries have already the retired the penny. Those countries made a smooth transition in retiring the penny and that the people were okay with it.
Research conducted by The Harris Pole shows that on average, 23% of the entire population supports abolishing the penny (Source E). Why are we putting such a large emphasis on an issue that is supported by less than one-fourth of the entire population? This is yet another example of how this debate is backed by politicians that will enjoy personal benefit from the abolishing of the penny and is not an accurate representation of the majority. Furthermore, a proponent of the abolishing, U.S. Rep. Jim Kolbe, represents a state that would benefit economically if the penny was abolished (Source A). What Kolbe doesn 't care to mention is the damage that would be caused to other states that have a large impact on manufacturing pennies, and the jobs that would be lost due to the
They say that banning the penny will not be necessary because since they don't really matter they can be donated for a good cause. A school found out, their power in numbers, they started a penny drive which landed them 3,000 dollars from all those pennies(Waterhouse). All those people out there that want to keep the penny have grown an attachment to them. They say that it is a piece of American culture(Story). Also, they say that the rounding process if not a very good process.
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.”
All in all the penny should not be printed anymore because they cost more to make then they have value, then they are a waste of time as in counting the, and finally reason is that pennies are losing the government money. A reason pennies should not be minted is because the penny costs more to make then it has total value. As stated in the text,” Because the penny costs more than a cent to produce, the Treasury loses more than $100
The world we live in today is filled with topics of controversy and the penny is just one of many. Some argue that the penny is useless and more trouble than it’s actually worth so we should abolish it. While it’s true that the penny can be a pain, it’s not true that the penny is useless. The penny helps Tennessee capitalize from zinc , was voted to stay in circulation by the majority of people, and commemorates the great Honest Abe. So those who argue that the world would be better without the low denomination coin just don’t know it’s
According to William Safire, in 1950 a penny would buy what a dime would buy today. Millions of pennies are produced every day and sent out all over the country. Several of these coins are removed from circulation from people placing them into piggy banks or losing them behind couch cushions. The penny is more trouble than
The states, back then, had the choice to choose paper money, and most of them did because they didn’t really want to pay taxes with their gold and silver. With this change in currency, the value fell and hurt the economic “reputation”. If the federal government hadn’t given the state governments the right to choose paper money they would have been much better off in the long run. Overall, in his article The Devil in Devolution, Donahue’s main point was the states were being given too much power and weren’t necessarily able to handle all the responsibility properly that comes with power like the federal government would have been able
Pennies, for a majority of people, are just little worthless pieces of mass that are left basins collecting dust, being thrown into water fountains for luck, and at times are refused at supermarkets because of how little they are worth. Along with what the average American does with their pennies, the smallest United States currency is costing us more than seven million dollars a year, in the retail business alone. The Department of Defence doesn’t think that pennies are even worth it. As stated by Chris Ward in paragraph one of Source #2, “Pennies are too heavy and are not cost-effective to ship.” As well as, according to Source #2, “The U.S. Congress is considering eliminating the penny from the United States currency system.”
Toward the end of 1861 using specie payments were not allowed, which meant that paying in gold or silver was no longer acceptable. That left people having to pay only in paper currency. To add to the matter, the Government issued the Legal Tender Act after payment in gold or coins was banned. This caused banknotes to count for most of the currency. The National Bank Act brought financial stability to the nation, but failed to solve the nation’s financial issues.
Don’t you hate when your taxes go to making useless pennies or when they take up space in a mess. Even though people think pennies are helpful they are not because they cost 2.41 to make just one. For years the Unites States have been discussing if we should get rid of the penny. Pennies shouldn’t be made in the United States. Source 1 states, other countries have got rid of the penny and were successful.
Financial stability of the colonial people was often thought to be put at stake with the introduction of new taxes and regulations which caused much frustration. Before Parliament had laid out any questionable taxes (i.e. stamp act), the citizens appeared perfectly content with Parliament 's power (Doc C). The stamp act required that every document, used by the colonists be stamped and taxed. One can see why this would anger people (as paper was the “big thing” before modern technology). Chaos ensued, the colonists were not fond of tax collectors whatsoever.
The Stamp Act was viewed as an attempt to raise money in the colonies without the approval of the colonies. If this new tax was passed without resistance, the colonists agreed that the door would be open for far more troublesome taxation. (“Stamp Act”,
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