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The Penny Should Be Eliminated Analysis

300 Words2 Pages

Pennies have always been a major part of American history. When the penny was first coined in America, it was very common in buying and selling goods and services. During the civil war, people hoarded pennies because of a lack of the metal nickels. The penny was even the first to place a historical figure on one of its faces with the coinage of the Lincoln cent (Source F). Over the years inflation has caused the value of the penny to depreciate by a large amount. People now argue that the penny should be eliminated because of its lack of significant value and the excess time taken to use them. Although the penny does not have substantial value, it should not be eliminated because it commemorates a very important historical figure, it is popular

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