The Penny: The Cost Of Making The Penny

Words: 323

Pages: 2

The penny, the one cent piece that continues to jingle in our pockets today, and for what reason? The penny has no tangible value anymore, and is a waste of money to make. With most of the debate centered on changing the faces of the bills that line the inside of our wallets, We should turn and evaluate the penny instead.
To make a penny it cost roughly 1.23 cents each, making each penny worth essentially nothing. A possible solution for this penny problem could be to make the penny out of something cheaper to lower the cost of manufacturing the penny, but as of the 2014 Biennial Report to the Congress from the Treasury, they said “There are no alternative metal compositions that reduce the manufacturing unit cost of the penny below its face

Show More

Should Pennies Be Discontinued In American Currency?

Should Pennies be Discontinued in American Currency? I think that the penny should be discontinued because first of all, even though the penny has been here for over 200 years, it costs more to make one penny than what the actual penny costs itself. Next, most people don’t even use their pennies because they don’t have much “ worth “ so the U.S.A is just making more and more pennies that nobody is really ever going to use. Last of all, with the rounding system, pennies may end up costing people…

Words 472 - Pages 2

Penny Wise Or 2.4 Cents Foolish Analysis

USA are arguing whether the penny should be removed from the American currency. The article “Penny Wise, or 2.4 Cents Foolish” by Jeff Sommer published by the New York Times talks about how Canada has stopped minting their equivalent of pennies. The penny is known to be stored away and rarely used. The pennies should be removed from the American currency because of its high making cost, its low usage in other areas, and where people put them. Pennies in the USA cost more than double to make than…

Words 407 - Pages 2

Penny Essay

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…

Words 440 - Pages 2

Should We Ban The Penny Argumentative Essay

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, it takes…

Words 720 - Pages 3

Benefits Of Saving A Penny

A penny saved is a penny earned – or is it? Based on research, the penny should be eliminated! It costs money, time, and has limited use. The bottom line is that the penny is worth the same amount as it was worth years ago and there is very little, if anything, that can be purchased for one penny today. By eliminating the penny, everyone can save money. According to KNS Financial, it costs 1.7 cents to make one penny (1). Obviously, it costs more to make the penny than what the penny is even…

Words 455 - Pages 2

Should We Get Rid Of Pennies

We should get rid of the penny because it kills animals and humans. It's bad for the environment. It's also cost the government a lot of money to make and and transport. On the other hand it will make everything more expensive. One reason why the us should get rid of penny because it's bad for the environment. Again pennies are made of 97% zinc that Has harmful metals like carbonated lead. The extraction of zinc from the ore takes energy. The production of the penny is 1.5 million metallic tons…

Words 242 - Pages 1

Pros And Cons Of Pennies

Should the Penny Continue to be Minted? Everyone has seen and picked up a penny. We even call them lucky pennies. Children collect these little coins, possibly saving them up for a piece of candy. As Benjamin Franklin once said, “A penny saved is a penny earned,”. But, times have changed since then. Instead of pennies being a source of luck, they are now being seen as a nuisance. While it isn’t a highly controversial topic, it has still brought about enough attention to spark many debates between…

Words 1181 - Pages 5

Penny Argumentative Essay

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 and causes a burden on tax payers…

Words 1312 - Pages 6

Are Pennies Worth It

Pennies have always been a part of America, but do we really need it them? Every day pennies are made at prices of more than they are worth. People have always been debating whether we should use the penny or not. There are all sorts of campaigns that are made around giving a penny to people that need it. There is a lot of history behind the penny but do we absolutely need it? The penny is very high priced, set at 2.4 cents to make an object that is only worth one cent. By making them we are…

Words 537 - Pages 3

Argumentative Essay: The American Penny

Making and distributing 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.…

Words 341 - Pages 2