Preview

Production of Pennies

Good Essays
Open Document
Open Document
841 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Production of Pennies
Kerrigan McCulloch June 4, 2013 P.6

The federal government should stop the production of pennies, because the pennies have become useless in this economy today, makers of pennies could be doing more useful jobs, and the bill would simply decrease the use of the penny.
The time has come to abolish the outdated, almost worthless, bothersome and wasteful penny. We always have those couple pesky pennies that’s we have to deal with day by day because we can’t get rid of them. Now a day you can’t buy anything with a penny or even a handful of pennies like you use to be able to. It takes nearly a dime to buy what a penny bought back in 1950. Quarters and pennies circulate: pennies disappear because they are “literally more trouble than they are worth" (source C). The power of the penny just isn’t what it used to be in the past. Everywhere you turn walking down the street, you see pennies tossed to the ground, flung into the trash by people who think they’re mucky, and hijacked by cashiers who assume you are a part of the 27% who don’t keep track of their loose change and won’t notice a couple of pennies missing. By abolishing pennies there is the possibility of saying four hours per person each year, where normally during this time people have spent digging in their pockets or purses for those loose pennies or have waited for someone else ahead of them to dig them out (Source B).
The U.S mint, manufactures and distributes United States coins for circulation, keeps churning out a billion pennies a month. Two-thirds of those



Cited: Lewis, Mark. “Ban the penny.” Forbes.com 5 July 2002. 8 February 2006 http://www.forbes.com/2002/07/05/0705penny.htm Kahn, Ric. “Penny Pinchers.” Globe.com 9 October 2005. 10 February 2006 http://www.boston.com/news/local/massachusetts/articles/2005/10/09/penny_pinchers/ Safire, William. “Abolish the Penny.” nytimes.com 2 June 2004. 3 November 2006 http://select.nytimes.com/gst/abstract.html?res=F00911F63C550C718CDDAF0894DC404483.

You May Also Find These Documents Helpful

  • Good Essays

    By reading “Nickel and Dimed” by Barbara Ehrenreich, I learned being a minimum wage worker is extremely difficult. I wouldn’t recommend it.…

    • 465 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    According to the passage, the Lincoln penny had the initials of the designer, Victor D. Brenner on it. Americans complained the initials were too big and needed to be removed. This resulted in them removing them and later putting them back on, just smaller. Nowadays pennies from 1909 are very valuable and rare.…

    • 270 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    One of the many reasons the penny should be deleted is because of the cost to actually manufacture one. The penny itself is created to hold the monetary value of the one cent, the lowest value, yet it costs 2.4 cents to manufacture each one thus making the tradeoff of creating a penny to be negative since the output is more than the input thus concluding towards a disincentive. “This, although is a small loss of money, can result in and will amount to the loss of millions of dollars over the cause of several years.” (Source A) Within today’s society, people have a hard time to buy anything with even the dollar. Even if someone is able to buy something with the dollar, the dollar simplifies to 100 pennies and since it costs 2.4 cents to create each individual penny, essentially 1.4 dollars are wasted. With America already submerged in a national debt of $18.34 billion, these costs that outweigh the benefits will not only raise our national taxes to compensate for the lost money, but will also dig into the education programs to raise funds for lost money thus cutting children’s education. “Essentially, the penny is so worthless that it does nothing but waste more money and time.” (Source B)…

    • 1298 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Do people really need that one extra cent? People normally just leave them on the ground or in a fountain. Some people want to stop minting the penny and to never use it again, but others want to keep using the penny and not get rid of it. Some people are fighting to get rid of the penny and these articles may pull people to their side: “Penny Wise, or 2.4 Cents Foolish?”(Source 1), “Is the Penny Worth It?”(Source 2), “Give a Penny-Save the Day!”(Source 3), and “The Ever-Changing Penny”(Source 4). Some think the U.S. penny should be discontinued because it takes more than one penny to make a penny, it’s not worth much, and it’s a pain to count out when you are paying for something.…

    • 728 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Pennies are such a nuisance, businesses are losing money over them. Retailers want to make money not lose it on pointless coins. Stated from source number two,” counting pennies could add up to over $700 million per year nationwide.” Counting pennies is such a waste of time and money.…

    • 314 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Penny Synthesis Essay

    • 857 Words
    • 1 Page

    only solidifies the American dedication for liberty and freedom, but it also represents a sense…

    • 857 Words
    • 1 Page
    Good Essays
  • Good Essays

    The primary purpose for Nickel and Dimed are for literary purposes, as the author seems to write with the goal of entertaining the reader. Throughout the story, the author regularly uses humor with the express purpose to entertain the reader. "It's good to know that something is cheaper than my time, or that in the hierarchy of the company's values I rank above Windex." (Page 307)…

    • 354 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Penny Synthesis Essay

    • 744 Words
    • 3 Pages

    Caught up in our busy lives, Americans tend to take things for granted and fail to appreciate the little things in life. These little things have big meanings, and are much more important than we care to admit. For instance, we often pay little attention to small amounts of currency in the form of coins or more specifically, pennies.. We bustle around cities and schools and workplaces, fishing for cash to purchase a much-needed coffee or snack. Upon arriving to the cash register, we scramble into our wallets for a few pennies to reach the exact price value of our item. This has become a mindless habit, but some people have grown tired of the time wasted by penny-pinchers. However, these grumpy customers fail to recognize the depth…

    • 744 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Why are we losing the penny? Even though the penny cost more to make than what it`s really worth . we can find more ways the make the penny cheaper. *They will have to round the penny that would cost gas to increase to a horrible price to make the penny cheaper *make the penny cost less is to add more zinc and less copper *We need pennies just in case some companies or organizations want to donate *they might want to collect pennies even though production costs are slightly lower today, the penny still costs the u.s. Just over 1.8 cents to produce.…

    • 207 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Although authors Barbara Ehrenreich and Matthew B. Crawford both obtain a higher degree from a university, both continue to work low-income jobs for different reasons. Ehrenreich believes minimum wage work is challenging in all aspects of the employment. She has the option to remove herself from this lifestyle but continues to stay in order to gain experience for her book "Nickel and Dimed". Crawford on the other hand finds a deeper appreciation for the working class, and even though he has an option to pursue a higher education career with his college degree he chooses to work as a mechanic for the love he has for the work. With both authors coming from similar backgrounds it's interesting to analyze how their ideas continue to differ dramatically.…

    • 1100 Words
    • 5 Pages
    Good Essays
  • Good Essays

    In conclusion, hopefully you now notice the importance's of why the government should stop the production of pennies. If the production of pennies is not stopped, moreover America’s inflation in the economy will only become worse(Maria Story). Some artifacts, no matter how valuable, are just not worth keeping. The Chicago Tribune put it perfectly, “Time to kill the…

    • 678 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Too much time is spent in vain searching for lost pennies. According to MIT graduate Jeff Gore, mentioned in the article Penny Pinchers by Rick Khan, four hours are spent per year looking for pennies. “If each person's time is worth $15 per hour, then each person loses $60 per year at a cost of the nation of over $15 billion per year” Come on people! 15 billion a year! What a waste of money that could have been…

    • 501 Words
    • 3 Pages
    Good Essays
  • Good Essays

    “The one cent piece, commonly referred to as the ‘penny’, has been a part of United States history for over two hundred years.” It’s time for those two hundred years, and counting, to be over. The penny needs to stop being produced to best help the consumer and the government. In “Penny Anti” by John Fund, the economical reasons for getting rid of the penny are listed, as well as alternative solutions to the one-cent piece. In the second article, “The Many Faces of the Penny,” by J. Wendell Shelton, there is a backstory of how the penny we know today came to be. In source three, “The Cost of a Penny,” a letter written by David R. Carroll, the author begs readers to abolish the penny for numerous reasons. And finally, in “Save the Penny--Save the Day!” by an anonymous middle schooler, the student talks about how charities will suffer without the penny. All of the passages believe in the usefulness, or lack thereof, of the penny. However, both articles make valid points for what should be done with our one-cent piece.…

    • 791 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Emily Andrews argues in her essay “Why I Don’t Spare “Spare Change”” that it does more harm than good to give money to beggars on the street rather than giving to an organization such as United Way to help the needy, pointing out that “one cannot be certain that one is giving to a needy individual” and that by giving to a charitable organization “ones money is likely to be used wisely.”…

    • 762 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The reason that we need to keep the penny is because we don’t need anymore change in the US. If we remove the penny, then we will have to change. The nation is already changing so much because of the election and politics and the other things. So why change more?…

    • 401 Words
    • 2 Pages
    Good Essays