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

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 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

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

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

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 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

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

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

abolishing the penny essay

invest their money. The government seems to be making little ground in their quest to erase America’s debt. Every idea 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…

Words 623 - Pages 3

Persuasive Speech About Pennies

Klink! Another penny thrown into a fountain drenched by refusal as change. When will the day come that the pennie will be obliterated, or will we all keep living in denial believing that without the penny the world will be so much different. It won't change i mean just look at the army they stopped using the penny as currency and it had no dire consequences. And besides who ever has enough pennies with them to buy anything look in your pocket and wallets, tell me how many pennies you have with you…

Words 652 - Pages 3