Penny Essay

Submitted By bobby_weird_sanford

Words: 440

Pages: 2

Open Document

Should We Keep or Get Rid of the Penny?

Pennies are plain worthless! How many times have you walked past a penny on the ground or unmindfully dropped one on the floor and did not even care to pick it up, thinking that a penny is not worth your time or effort. The American government loses millions of dollars a year from just a small, little penny that most people in America feels that it doesn’t even matter that much. So the question is why do we still have it in circulation?

The penny is more of a burden than a help to us. Every year the penny is kept in circulation it is burning a bigger hole in the government’s budget. The penny costs about 1 cent, but costs us more than 2.4 cents to produce. From the production of the penny the treasury loses about $100 million per year. This meaning that .01 dollar costs us more than 10,000,000,000% than its worth. I think that penny has almost no benefits besides making exact change. To me, instead of helping us gain money like currency is supposed to do, the penny is making us lose money.

The penny is not worth our time our effort. The penny makes us wastes 2.4 hours each year. Given the average wage per hour everyone man or woman that has a job loses about $50 from the sorting and counting of pennies. Some people may have a point that we would lose money from rounding to the nearest five during each transaction, but if we were to only make two transactions per day for a year we would lose only $18.25. This is substantial amount compared to the

Penny Essay

coin used to represent one cent, the penny. Lately that has been quite a bit of debate of the penny's place in America. The penny has every right to stay in the United States. It deserves to be in it's rightful place next to the coins with the faces of George Washington, Thomas Jefferson, and Franklin D. Roosevelt on them. Just like squats, pennies add up over time. Many people are willing to give up their gigantic hordes of pennies for a better cause, charity. Ted Waterhouse writes by collecting pennies for charity…

Words 510 - Pages 3

Argumentative Essay On The Penny

Pennies have been around since the early 1900s and has been a huge part of United States History. The penny represents strong will, positivity, and pure energy. Abraham Lincoln our 16th president is the face on the penny since is one-hundredth birthday. The reason Lincoln is on the penny because he was an historical figure in the US. But the penny needs to go, it's unfortunate for the US even though it’s part of our history and economy. The penny cost too much, they're too heavy to ship, and a lot…

Words 473 - Pages 2

Penny Argumentative Essay

up in piles in old cookie jars... in our desk drawers. You cant give them away"(Remiorz). The penny was first minted in 1787 and over three hundred billion of them have been made since then.In 2016, the penny has long outlived its usefulness. The little one cent coin have become a drain on the economy over the last several years. The opposition of the removal of the penny is on baseless arguments. The penny has needs to be retired because of it has no buying power, the high production cost wastes millions…

Words 1312 - Pages 6

abolishing the penny essay

that is proposed has some sort of negative side that could end up hurting a small part of the population. One idea that has been thrown around is the abolishment of the penny. It would be a great place to start in minimizing America’s debt. Although it would affect the country’s economy, it is necessary that we get rid of the penny because it is a detriment to the United States economy and it is a waste of natural resources. With the national debt reaching over 17 trillion dollars, every United States…

Words 623 - Pages 3

Argumentative Essay: The American Penny

the penny takes time to make and costs more than it’s worth so why should the United States keep it in circulation. Pennies have been circulated for more than 200 years now and they still don’t really matter. They are only worth 1 cent in the United States and cause taxpayers to pay more for things that are irrelevant. Pennies are everywhere and all people really do with them is give them to penny drives, throw them in a wishing well, or even just toss them on the ground. The American Penny should…

Words 341 - Pages 2

Three Penny Opera Essay

"It is clear that the dramatists desire to elicit a particular response from their audience has governed the way in which they have shaped the structure of the play" (Derek Chaverley) With reference to your text identify what response your play write is aiming to elicit and how you as a director would realise this in performance. As a director we would identify what response The ThreePenny Opera is aiming to elicit and how we would realise this in the performance. The ThreePenny Opera is one…

Words 908 - Pages 4

Should We Ban The Penny Argumentative Essay

Trinity Halbrook Block A Penny Argumentative Essay Penny Argumentative Essay Imagine you're buying lunch and you get your receipt and the total comes to $20.99, but you don’t have four more cents. If the penny did not exist then your total would come to an even amount such as $20.95. There is a very strong debate on whether the penny should be banned or not. Over 300 billion pennies with eleven different designs have been minted since 1787. The U.S. should ban the penny because it costs too much…

Words 720 - Pages 3

Argumentative Essay About Pennies

The Useless Pennies Pennies are a strong source of American tradition. They have been a currency of the U.S since 1797. You may be wondering why people would want to eliminate them. There are three pivotal reasons. The penny is worth 1 cent, it is made of copper and zinc, and harms the environment. So, why would people ever argue to keep such a worthless coin? American tradition or not, the penny is a waste of time, money, and metals. Recently, the debate whether to keep the penny or not has reached…

Words 515 - Pages 3

Should Pennies Be Preserved Essay

Should pennies be preserved? Some people may believe that pennies should not be preserved others believe they should. Pennies should not be preserved because people pay more for a penny than what it is actually worth. There are so many reasons why pennies should not be preserved. Pennies should not be preserved because they are not really used these days. According to ‘Penny Anti’ (source 1) it states, “Production is up in part because of hoarding, and in part because more and more people are…

Words 635 - Pages 3

Argumentative Essay About Pennies

really need change worth so little? Some say yes, some say no what does the actual government think? What does the country of America think? In my opinion, pennies have helped many great causes such as charity events because they can use all the money they are given. Second, they also keep prices low because if pennies didn’t exist they would round taxes to the nearest nickel instead of the nearest cent. For example, say you wanted to buy something for the dollar menu from Mcdonalds.…

Words 467 - Pages 2