They don’t help our environment either, which is already in a rough and damaged state. What Do You Think? There is eight tenths of a cent of zinc and three tenths of a cent worth of metal in an actual penny (1). The penny is a largely recognized historical component of American life, and it is far too entrenched to be easily uprooted. This essay has been submitted by a student. Prices will increase. This could have a negative impact on shoppers because, instead of paying $10.97 plus tax, they are now paying $11.00 plus tax. That would cost an estimated $10.9 million more annually than it would cost to keep making pennies. Early Jefferson Nickel Values 1938 - 1964. The price of zinc has soared over the course of the last few years, and with that the price to produce the penny has gone up. By continuing we’ll assume you’re on board with our cookie policy, Your Deadline is Too Short? The greatest contradiction in the penny banter is the issue of adjusting. The penny might affect these benefits from the rapid production of these coins. Attention! To start off, the penny should be abolished because the value of the penny has greatly diminished in the last few decades. Those who think we should keep the U.S. penny cite the following arguments to support their position. Figurative language: rhetorical questions. Rodney J. Bosco and Kevin M. Davis, "Impact of Eliminating the Penny on the United States Mint's Costs and Profit in … Another reason that the anti-penny community gives is that they are damaging the environment. Pennies do have one important use, though. In 1829. In the article, Source A explains the significance it has to the state of Tennessee, which is rich in Zinc. Higher price the less people are going to buy them. Since... ...Safire’s “Abolish the Penny” I don't think we should keep the penny because it cost more to make the penny than the penny is worth. It is not only just a copper piece you hold in your hand, but a gateway to a historic past. After the passing of The Coinage Act in 1792, the U.S. established its first mint. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. Remember: This is just a sample from a fellow student. The novel's title, The Eyes of the Dragon, holds great significance to the book. This is why most people leave them on the ground or collect them in a jar. The bill will eliminate the penny from our currency and retailers will have to round the total after tax down to the nearest 5 cents. Rather than disposing of pennies, it could set aside more cash to simply make them out of less expensive and lighter metals. All of the time and money spent to campaign to abolish it is simply not worth the “benefits”. The penny is known for its copper features, and being worth a cent. The penny contains value that a great portion of the American population finds necessary, yet many attempt to demolish the penny for a small percentage that might possibly benefit the nation. I don’t believe that we should abolish the penny because it’s been around for so long, if we were to abolish the penny what would we use to break five, ten , or odd numbers of cents. Then there is the fact that making pennies wastes zinc and copper. Available from: https://gradesfixer.com/free-essay-examples/the-penny-debate-to-keep-or-not-to-keep/, Recieve 100% plagiarism-Free paper just for 4.99$ on email, *Public papers are open and may contain not unique content. The U.S. should not abolish the penny because it is valuable to the economy, significant to society, and an important tradition to continue. Tim Boyle/Getty Images News/Getty Images Pro-Penny Arguments Those who think we should keep the U.S. penny cite the following arguments to support their position: Prices will increase - If we eliminate the penny, everything will have to be rounded to the nickel. Haven't signed into your Scholastic account before? Though it’s hard to imagine the coin without Abe’s foretelling, left-turned head, he didn’t exist in the time of the penny’s creation and the coin was adorned with the image of lady liberty. The penny helps hold significant expenses in line. Abstract Through the journey of Art, one can experience many ideas and also learn how far his or her imagination can take them. I don’t believe that the penny is taking up space because it works as if it was a quarter, nickel, or dime in some places. Shouldn’t we limit our use of zinc and copper to products people actually use? Numerous Americans are in favor of keeping it due to sentimental value, while others say it is just too costly. Many people thought that 2009, the 100th anniversary of the Lincoln cent, should have been the last year of penny manufacture. this essay is not unique. Most cash transactions involve the exchange of pennies, and this increases the time it takes to complete them. Reply. So a penny for your thoughts: Should the U.S. get rid of the penny? America’s pennies are born at the U.S. Mint, the government agency that makes all our coins. Therefore, it is essential to their economy for penny production, and the citizens would be greatly affected. Don't keep the penny. It is apparent that throughout the multiple arguments for and against the penny, it is simply better to get rid of the penny. It is noted in Source D that the penny remains essential to the public and is very important to our pricing system, including taxes. The U.S. Mint reports that it costs nearly 1.6 cents to product one single…, Will the penny survive? Have students discuss the following in their groups: Does the writer show bias—that is, a preference for one side of the debate or the other? Safire uses compelling evidence and real life scenarios to convince his audience that we need to rid our lives of this, “outdated, almost worthless, bothersome and wasteful penny.” If the reader is able to read between the lines and use some analytical processes, they will come to find there is a hidden metaphor in Safire’s argument. Retrieved from https://phdessay.com/abolish-the-penny-essay/. According to the U.S. Environmental Protection Agency, zinc ores contain only 3% to 11% metallic zinc. We use cookies to offer you the best experience. Amy Livingston, "Should We Get Rid of the Penny? Scholars In recent years, a debate on whether or not America should keep the penny has arisen. Back then, a penny or two would buy a meal, a dress, even a place to sleep for a night. These types of minerals in large amounts are harmful to both plant, animal, and human life. Choose your writer among 300 professionals! ​The US should continue printing the penny​ to help charities​, to forestall costs expansion, and to respect its history. Also the penny has been upheld for many generations and has existed since the beginning of American history. “A simple way to retire the penny would be to round each cash transaction to the nearest nickel”, but why would you want to round to the nearest nickel, that’s spending more money though. This is not an example of the work written by professional essay writers. His face is not title owner of the penny and, for those opposed to the removal of this coin on his behalf, he is still blazing the fronts of the five dollar bill. The United States has been minting the one-cent piece since 1793. History has shown us that updating the monetary supply in countries where the currency is very stable has had little if any adverse effect on the economy, or people's acceptance of the coinage. The Spruce Crafts uses cookies to provide you with a great user experience. Oddly, it costs the Mint more than a penny to produce a penny. For example, the mint made the first dime in 1796 that weighed 2.7 g and had 89.24% silver. You can get your To export a reference to this article please select a referencing style below: Sorry, copying is not allowed on our website. However, with every argument there is another side, meaning there is a group of people that believe we should keep the penny. America is losing money on every penny that is made. Should We Keep the Penny? Pennies are made of copper and zinc, two metals that have recently soared in price. The composition of the penny is not only copper, because other metals are used to make it. The Penny Debate - Should We Keep the Penny or Get Rid of It? 2020 Oct 10 [cited 2020 Nov 6]. If the U.S eliminates the penny, merchants … The mint produces billions of these coins every year. 2020 © gradesfixer.com. Pennies also waste multiple natural resources when produced due to the copper and zinc which releases sulfur dioxide into the atmosphere. One might even go as far as saying that the penny has saved lives, and yet United States Representative Jim Kolbe and many others wish to eliminate the penny coin. more_vert. For example, let’s say you can get a hot dog for $1.97. Susan is an avid coin collector of over 30 years, and has written 150 articles for The Spruce. Simply put, the penny is far too valuable economically and historically to be banned. A Study on the Supply and Demand for Hatchimals Essay, A Study of Macroeconomics in Relation to Supply and Demand Essay, Review on the political and economical situation in India Essay. Plus, pennies are time-consuming. He believes that the penny is a hassle and is no help to the government. In this essay I am going to argue why we should keep the penny and why people think the penny should stay in route with the rest of the coins. Yes,... ...A Penny Saved Is Two Pennies Wasted According to a 2012 study, the average American spends 2.4 hours per year handling them—counting them and sorting them for payment or change. In 1965 the U.S. Mint stopped making 90% silver dimes, quarters, and half dollars and changed them over to base metal clad versions. By using The Spruce Crafts, you accept our, Loonies and Toonies Canadian Dollar Coins, Lincoln Memorial Penny (1959 to Today) Values and Prices, Coinflation.com - The Site About Coin Inflation. It too had very little purchasing power at the end of its life. Additionally, the United States Mint changed the silver composition and weight of many coins due to the increasing price of silver. She is a member of the American Numismatic Association. But if people are leaving pennies at the cash register, is it time to get rid of them? ...The penny has served as a trademark for America since 1793 and it has helped us succeed in many ways throughout American history. None of these changes caused any significant problems in commerce.Many foreign nations have eliminated their most minor denominations with almost no impact on commerce or consumer confidence in the monetary system.

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