The removal of the historic penny has become a controversial topic as the penny becomes a useless, waste of time. The average American, depicts the penny as an object with no true purpose and nuisance to society. With the penny no longer essential to everyday transactions, why keep the penny? Throughout time the American economy has evolved into a system that no longer needs the copper penny. In modern stores “a dime [can] buy what a penny bought in 1950” (source C) demonstrating the devaluation of the penny. In addition people are utilizing more “plastic” transaction, no longer needing or wanting change. In moments where cash transactions are used, the penny is unwanted and an annoyance to the buyer. The penny is “jingl[ing] uselessly in people[s]…show more content… Extra time is spent to count out and divvy out pennies that society does not want or they throw it out the first chance they get. People spend countless hours “fishing in their pockets” (source B) attempting to find the exact change in pennies. As of a May 2005 survey “27 percent of Americans don't even keep track of their loose change”(Source B) because they do not care and do not need to keep track of pennies. The gratuitous penny has cost the American people enough time already, and in today's society time is money. In The National Association of Convenience stores and Walgreens they concluded in a math equation leading to the conclusion that Americans are losing “over $15 billion per year”(Source B) due to time spent on the penny. For another reason why time is wasted on the penny “In 2009 president Bush signed into law legislation directing the secretary of the treasury to issue Lincoln pennies with four newly designed reverse or “tails”” leaving the government to spend precious time and money and resigning an item that the American people could care less about when more dire problems could be solved with that time or
